RB Capital Takes $5.8M Stake in Amgen Amid Growing Interest

RB Capital Management LLC has taken a significant position in Amgen Inc. (NASDAQ:AMGN), investing $5.84 million in the company's stock. According to a recent Form 13F filing with the Securities and Exchange Commission, RB Capital purchased 16,121 shares of Amgen's stock.

This represents approximately 1.1% of RB Capital Management LLC's holdings, making Amgen its 20th biggest holding. The investment is part of a larger trend in which several hedge funds and institutional investors have increased their stakes in the company.