Van Hulzen Asset Management Boosts Stake in Visa

Van Hulzen Asset Management LLC has increased its stake in Visa Inc. (NYSE:V) by buying an additional 3,673 shares of the credit-card processor's stock during the second quarter.

This represents a 16.4% increase in the institutional investor's holdings in Visa, with Van Hulzen Asset Management LLC now owning 26,014 shares valued at $8,925,000 as of its most recent filing with the SEC.

This move is part of a larger trend of increased investment in Visa by various hedge funds and other institutional investors. Concorde Asset Management LLC, for example, raised its position in Visa by 4.0% during the second quarter, while G&S Capital LLC lifted its position in shares of Visa by 4.0% during the same period.

Visa's stock price has been rising due to strong earnings and revenue growth, with the company reporting a net margin of 50.78% and a return on equity of 67.68%. The company also recently disclosed a quarterly dividend of $0.67 per share, representing a yield of 0.7%.