Welch Group Bets Big on Amazon with 3.3% Stake Increase
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.