Stocks
RBA Wealth Management Cuts Amazon Stake by 72% in Q2
RBA Wealth Management LLC reduced its stake in Amazon.com by 71.9% in Q2, according to its latest SEC filing.
The fund sold 3,769 shares during the quarter, leaving it with 1,475 shares of Amazon's stock worth $352,000 at the end of Q2.
This is not an isolated incident, as several other institutional investors and hedge funds have made similar moves in recent quarters.
Brighton Jones LLC increased its holdings in Amazon by 10.9% in Q4, while Revolve Wealth Partners LLC raised its position by 4.1% during the same period.