Stocks
CX Institutional Cuts Holdings in American Express
CX Institutional has decreased its holdings in American Express Company (NYSE:AXP) by 36.8% during the third quarter, according to a recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 25,173 shares of AXP's stock after selling 14,637 shares during the period, which was valued at $8,068,000 as of its most recent filing.
This is not an isolated instance, as several other hedge funds have also made changes to their holdings in American Express. Evolution Wealth Management Inc., for example, raised its stake by 6,600.0% in the fourth quarter and now owns 67 shares worth $25,000.