Stocks
Visa Sees Institutional Investor Confidence Soar
Northwestern Mutual Wealth Management Co., a prominent financial institution, has increased its stake in Visa Inc. (NYSE: V) by 5.6% in the second quarter.
The company purchased an additional 32,645 shares of Visa during this period, bringing its total holdings to 611,908 shares worth approximately $209,939,000 at the end of the quarter.
Northwestern Mutual Wealth Management Co. is not alone in its investment in Visa, as several other hedge funds have also made significant purchases of the company's stock in recent quarters.