Czech National Bank Boosts Stake in American Express

The Czech National Bank has increased its stake in American Express Company (NYSE:AXP) by 3.9% during the second quarter, according to its most recent Form 13F filing with the SEC.

The bank now owns 151,489 shares of AXP's stock after purchasing an additional 5,632 shares during the period, making its total holding worth $51,241,000 at the end of the reporting period.

This is not an isolated instance; several other institutional investors have also increased their stakes in AXP recently. Evolution Wealth Management Inc., for example, raised its holdings by a staggering 6,600% during the fourth quarter and now owns 67 shares valued at $25,000.