Miracle Mile Advisors LLC acquired a new position in American Express ( NYSE:AXP ) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,329 shares of the payment services company's stock, valued at approximately $231,000. A number of other hedge funds have also recently made changes to their positions in AXP. Chelsea Counsel Co. bought a new position in shares of American Express in the fourth quarter worth about $30,000. Steward Financial Group LLC boosted its stake in shares of American Express by 104.

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