Wellspring Financial Advisors Cuts Stake in Amazon.com by 3.2%
Wellspring Financial Advisors LLC, an institutional investor, has reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the second quarter. The company disclosed this information in a recent filing with the Securities and Exchange Commission (SEC). According to the report, Wellspring Financial Advisors LLC owned 64,409 shares of Amazon's stock after selling 2,119 shares during the quarter.
The reduction in stake by Wellspring Financial Advisors LLC makes up 0.3% of the company's holdings, making it their 16th largest position. The total value of their holdings in Amazon was $15,355,000 as of its most recent filing with the SEC. This news comes amidst other institutional investors increasing or decreasing their stakes in AMZN.
Vanguard Group Inc., for example, raised its stake in Amazon by 1.1% during the first quarter. State Street Corp also boosted its holdings in Amazon by 1.8% in the fourth quarter. Meanwhile, Norges Bank acquired a new stake in shares of Amazon during the fourth quarter worth approximately $32,868,735,000.