Chemistry Wealth Management Sells American Express Stake
Chemistry Wealth Management LLC reduced its stake in American Express Company (NYSE:AXP) by 5.7% during the second quarter, according to a recent disclosure with the Securities & Exchange Commission. The firm owned 50,684 shares of AXP's stock after selling 3,047 shares during the period.
Chemistry Wealth Management LLC's holdings in American Express account for approximately 2.7% of its portfolio, making it the company's 9th biggest holding. The value of these holdings was $17,144,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also been buying or selling AXP shares during the same period. Evolution Wealth Management Inc., for example, grew its position in American Express by 6,600% during the fourth quarter, while Joseph Group Capital Management purchased a new stake in AXP valued at $26,000.