Bridgewater Invests Heavily in American Express
Bridgewater Advisors Inc. has made a significant investment in American Express Company (NYSE:AXP) by buying 13,884 shares of its stock during the 2nd quarter.
The value of this purchase is approximately $4.78 million, according to Bridgewater's most recent Form 13F filing with the Securities and Exchange Commission (SEC).
This investment is part of a larger trend in which institutional investors and hedge funds have been acquiring shares of American Express.