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Securian Cuts Amazon Stake by 1.8% Amid Institutional Shifts

Guavy AI Editorial Team
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AMZN
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Securian Asset Management Inc., an institutional investor, has reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the second quarter.

The fund sold 4,889 shares of the e-commerce giant's stock, bringing its total holdings to 260,122 shares as of its most recent filing with the SEC.

Amazon accounts for approximately 2.3% of Securian Asset Management Inc.'s investment portfolio, making it the company's seventh-largest holding, valued at $64,310,000.

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