Veratis Advisors Inc. Buys New Stake in Walmart

Veratis Advisors Inc., a financial services firm, has acquired a new stake in Walmart Inc. (NASDAQ:WMT) during the second quarter of this year. The company disclosed that it bought 40,978 shares of Walmart's stock, valued at approximately $4,869,000.

This purchase represents about 3.4% of Veratis Advisors Inc.'s portfolio, making Walmart its eighth biggest position. This is not an isolated incident as other hedge funds have also been actively buying and selling shares in the retailer.