Stocks
Ieq Capital Cuts Stake in Visa Following Quarterly Sell-Off
Ieq Capital LLC reduced its stake in Visa Inc. (NYSE:V) by selling 22,197 shares during the second quarter.
The firm owned 195,446 shares of the credit-card processor's stock after the sale and had a position worth $67,056,000 at the end of the period.
Other hedge funds have also recently made changes to their positions in Visa. Nixon Peabody Trust Co. raised its stake by 58.1% during the first quarter and now owns 4,201 shares valued at $1,270,000.
Vanguard Group Inc. grew its stake in Visa by 0.7% in the fourth quarter and now holds 160,975,832 shares worth $56,455,834,000.