OneDigital Investment Advisors Buys Stake in American Express

OneDigital Investment Advisors LLC has acquired a new position in shares of American Express Company (NYSE:AXP), purchasing 19,365 shares valued at approximately $6.55 million. This acquisition is part of the firm's ongoing investment strategy.

The company's most recent disclosure with the SEC revealed that OneDigital Investment Advisors LLC had purchased these shares in the second quarter. Notably, this is not an isolated instance; other institutional investors have also made significant changes to their holdings of American Express.

Evolution Wealth Management Inc., for example, raised its stake in AXP by a staggering 6,600% during the fourth quarter, acquiring 67 shares worth $25,000. Similarly, Joseph Group Capital Management and Sfam LLC both purchased new positions in AXP during the same period, with valuations of $26,000 each.