Stocks
American Express Gains Institutional Investor Support with Major Share Acquisition
N10 Assets LLC recently acquired 15,305 shares of American Express Company (NYSE:AXP), valued at approximately $5.18 million in the second quarter.
The institutional investor bought these shares as part of its new position in AXP, which makes up about 2.2% of N10 Assets LLC's holdings and is its 20th biggest position.
This acquisition is not an isolated incident; several other institutional investors have also purchased significant stakes in American Express in the second quarter, including BlackRock Inc., Norges Bank, Corient Private Wealth LP, Bank of New York Mellon Corp, and Legal & General Group Plc.