Pacer Advisors Dumps 423k Shares of Amazon Stock
Pacer Advisors Inc., a seasoned institutional investor, made significant changes to its Amazon.com, Inc. (NASDAQ:AMZN) portfolio in the first quarter.
The company reduced its stake in Amazon by 40.5%, selling off 423,343 shares during the period.
This move was part of a broader trend among institutional investors, with several major players increasing their holdings in Amazon's stock.