Charles Lim Capital Ltd Acquires $8.6M Worth of Visa Stock

Charles Lim Capital Ltd has acquired a new position in shares of Visa Inc. (NYSE:V), according to its latest Form 13F filing with the Securities and Exchange Commission.

The firm bought 25,000 shares of the credit-card processor's stock, valued at approximately $8,577,000.

This represents about 2.7% of Charles Lim Capital Ltd's holdings, making Visa its 5th biggest holding.

Others also recently modified their positions in Visa. G&S Capital LLC increased its position by 4.0%, while Keating Financial Advisory Services Inc. boosted its position by 0.9%. NerdWallet Wealth Partners LLC grew its stake in Visa by 4.5% and Frederick Financial Consultants LLC increased its position by 2.0%.

Visa's board has approved a share buyback program that authorizes the company to repurchase up to $20.00 billion in shares, representing about 3.6% of its shares through open market purchases.