Robinhood Asset Buys Visa Shares as Institutional Investors Pile In

Robinhood Asset Management LLC has purchased shares of Visa Inc. (NYSE: V) in its most recent disclosure to the SEC. The fund bought a new stake in shares of Visa, acquiring 33,621 shares valued at approximately $11.535 million.

This is not an isolated instance, as several other institutional investors have also increased their stakes in the company. Vanguard Group Inc., for example, grew its position in Visa by 0.7% in the fourth quarter, while State Street Corp increased its stake by 0.8%. Geode Capital Management LLC raised its position by 0.9%, and Price T Rowe Associates Inc. MD increased its stake by 1.8%

In related news, insiders have been selling shares of Visa. On July 30th, insider Kelly Mahon sold 57,272 shares at an average price of $364.97, resulting in a total transaction value of $20,902,561.84.