Stocks
Envestnet Portfolio Solutions Boosts Stake in American Express
Envestnet Portfolio Solutions Inc. significantly increased its stake in American Express Company (NYSE:AXP) by 49.8% in the second quarter, according to a recent SEC filing.
The institutional investor purchased an additional 10,781 shares during the quarter, bringing its total holdings to 32,440 shares worth $10,973,000 as of its most recent SEC filing.
Envestnet Portfolio Solutions Inc. is not alone in increasing its stake in American Express; several other institutional investors have also added to their positions, including Envestnet Asset Management Inc., which raised its holdings by 62.9% during the same period.