Wedbush Cuts Stake in Amazon, Worth $107.56 Million

Wedbush Securities Inc., a financial services firm, has decreased its stake in Amazon.com, Inc. (AMZN) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The fund owned 451,310 shares of Amazon's stock after selling 1,989 shares during the quarter. This is equivalent to $107,565,000 as of its most recent filing.

Amazon comprises about 2.8% of Wedbush Securities Inc.'s investment portfolio, making it the company's fifth largest holding.