Stocks
Perkins Coie Trust Co Doubles Down on Amazon
Perkins Coie Trust Co has increased its stake in Amazon.com by 14.1% during the second quarter, according to a recent disclosure with the Securities & Exchange Commission.
The institutional investor now owns 54,593 shares of Amazon's stock, valued at $13,012,000, making it the e-commerce giant's 14th biggest holding in Perkins Coie Trust Co's portfolio, accounting for about 2.2% of its holdings.
This is not an isolated move, as several other institutional investors have also added to their stakes in Amazon.com during the second quarter.
Trust Asset Management LLC lifted its position by 3.3%, while MilWealth Group LLC raised its stake by 79.0% and Elkhorn Partners Limited Partnership saw a 900.0% increase.