Simplicity Wealth Buys $12.7M Worth of American Express Stock

Simplicity Wealth LLC acquired a new position in American Express Company (NYSE:AXP) during the second quarter, as per its latest Form 13F filing with the SEC.

The fund purchased approximately 37,462 shares of AXP's stock, valued at around $12,671,000.

This is not an isolated instance; other hedge funds have also made significant changes to their positions in American Express. Norges Bank acquired a new position worth about $2,464,215,000 in the fourth quarter, while Bank of New York Mellon Corp bought a new stake valued at $1,263,787,000 in the second quarter.

Capital World Investors increased its holdings by 46.7% during the fourth quarter and now owns 7,515,675 shares of AXP's stock, valued at $2,780,424,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position by 350.0% in the first quarter and currently holds 1,236,438 shares, worth $373,998,000.