UBS Unloads $16 Billion Worth of Amazon Shares
UBS Asset Management Americas LLC's distinct business unit, UBS AM, sold a significant portion of its Amazon.com stock holdings in the second quarter.
The firm reduced its stake by 5.3%, unloading 3,928,980 shares during this period.
This move was part of UBS AM's ongoing portfolio adjustments and is in line with the unit's investment strategy.