Fischer Financial Services Invests Heavily in Walmart Stock
Fischer Financial Services Inc., an institutional investor, acquired 43,769 shares of Walmart Inc. (NASDAQ:WMT) in the second quarter, according to the company's most recent 13F filing with the Securities and Exchange Commission.
The purchase was valued at approximately $4,957,000, making it a significant investment for Fischer Financial Services Inc., which now holds 1.2% of Walmart's shares, its 19th largest position.
This is not an isolated incident; several other hedge funds and institutional investors have also bought and sold shares of WMT in the second quarter, with many purchasing new positions in the retailer's stock.