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Welch Group Bets Big on Amazon with 3.3% Stake Increase

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AMZN
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Welch Group LLC, an investment firm, has increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the second quarter.

The company purchased an additional 2,206 shares of Amazon's stock, bringing its total holdings to 69,670 shares valued at $16,605,000 as of the end of the most recent quarter.

This is not the only investment firm that has increased its stake in Amazon; Trust Asset Management LLC also boosted its position by 3.3% during the second quarter and now owns 107,563 shares of Amazon's stock valued at $26,000.

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