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Magellan Asset Management Sells Majority Stake in Visa Inc.

Guavy AI Editorial Team
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V
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Magellan Asset Management Ltd reduced its stake in Visa Inc. (NYSE:V) by selling 603,723 shares in the second quarter.

The firm's holdings in Visa decreased to 60,505 shares after the sale, which was worth $20,759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also adjusted their stakes in V. XXEC Inc. boosted its stake in Visa by a significant amount during the second quarter, owning 186,260,448 shares valued at $63,904,097,000 after acquiring an additional 186,138,883 shares.

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