Washington Trust Bank Sells Amazon Shares Worth Over $34 Billion

Washington Trust Bank has reduced its stake in Amazon.com (AMZN) by selling 13,989 shares in the second quarter. This decrease represents an 8.8% reduction in their holdings. The bank now owns 144,472 shares of AMZN stock, valued at approximately $34,433,000.

Amazon accounts for about 2.4% of Washington Trust Bank's investment portfolio, making it the company's 10th largest position. Other institutional investors and hedge funds have also made changes to their AMZN holdings during the second quarter.

Bank of America Corp DE bought a new stake in shares of Amazon.com in the second quarter worth approximately $22,218,775,000. Bank of New York Mellon Corp also purchased a new position in shares of Amazon.com in the second quarter valued at approximately $16,341,405,000.

Invesco Ltd. grew its position in Amazon.com by 3.3% during the fourth quarter. The company now owns 59,604,857 shares of AMZN stock worth $13,757,993,000 after buying an additional 1,879,630 shares in the last quarter.