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Flossbach Von Storch SE Sells 505K Shares of Visa Stock

Guavy AI Editorial Team
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Flossbach Von Storch SE has reduced its stake in Visa Inc. (NYSE:V) by 25% during the second quarter, according to the company's most recent Form 13F filing with the Securities and Exchange Commission.

The institutional investor owned 1,516,328 shares of the credit-card processor's stock after selling 505,822 shares during the period. Visa accounts for approximately 2.4% of Flossbach Von Storch SE's portfolio, making the stock its 15th biggest holding.

This move is part of a larger trend in which institutional investors and hedge funds have been increasing their stakes in Visa. In fact, institutional investors own 82.15% of the company's stock.

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