Stocks
Portfolio Design Labs Buys 68K+ Shares of Amazon Worth $16B
Portfolio Design Labs LLC has acquired shares of Amazon.com Inc. (NASDAQ:AMZN), purchasing approximately 68,798 shares worth $16,397,000 in the second quarter.
This acquisition accounts for about 2.7% of Portfolio Design Labs' holdings and makes it the seventh largest holding in their portfolio.
Amazon.com Inc. is a global technology and e-commerce company that operates online marketplaces and provides various consumer products and services.
Other notable investors, including Auto Owners Insurance Co., Bank of New York Mellon Corp, and Mitsubishi UFJ Asset Management Co. Ltd., have also increased their stakes in Amazon.com during the second quarter.