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Compass Buys into American Express, Boosts Stake

Guavy AI Editorial Team
Instruments
AXP
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A recent filing with the SEC reveals that Compass Wealth Management LLC acquired a new stake in shares of American Express Company (NYSE:AXP) during the second quarter. The institutional investor bought approximately $3.93 million worth of shares, specifically 11,606 units.

This is not an isolated instance; several other institutional investors have increased their stakes in American Express over the same period. Evolution Wealth Management Inc., for example, boosted its position by a staggering 6,600% during the fourth quarter and now owns 67 shares valued at $25,000.

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