Systrade AG Buys into Amazon with $2.4 Million Stake

Systrade AG has expanded its investment portfolio by purchasing a new position in Amazon.com, Inc. (AMZN), valued at approximately $2.4 million.

The Swiss-based company acquired 10,100 shares of the e-commerce giant's stock in the second quarter, which accounts for about 1.5% of Systrade AG's investment portfolio and makes it its seventh largest position.

This is not an isolated incident as several other hedge funds have also adjusted their stakes in Amazon.com during the same period.