Glenview Trust Co Raises Stake in American Express Company

Glenview Trust Co increased its stake in American Express Company (NYSE:AXP) by 20.6% during the second quarter, according to a recent filing with the Securities & Exchange Commission.

The institutional investor purchased an additional 10,051 shares of AXP's stock, bringing its total holdings to 58,746 shares worth $19,871,000 at the end of the reporting period.

This move was part of a broader trend among hedge funds and other institutional investors, who also increased their stakes in American Express during the quarter. Swiss Life Asset Management Ltd lifted its holdings by 34.1% to own 139,887 shares worth $51,751,000. OMERS ADMINISTRATION Corp bought a new stake valued at $11,642,000.