Franklin Street Advisors Boosts Stake in American Express
Franklin Street Advisors Inc. NC significantly increased its stake in American Express Company (NYSE:AXP) by 11.9% during the second quarter, according to recent SEC filings.
The company purchased an additional 8,167 shares of AXP's stock, bringing its total holdings to 76,817 shares worth $25,983,000 as of the latest filing.
This represents about 1.5% of Franklin Street Advisors Inc. NC's portfolio and makes American Express its 19th largest holding.