Visa Stock Ownership Shifts as Wealthcare Advisory Partners Reduces Stake

Wealthcare Advisory Partners LLC has reduced its stake in Visa Inc. (NYSE:V) by 31.1% in the second quarter, according to the company's most recent 13F filing with the Securities & Exchange Commission.

The fund owned 27,851 shares of the credit-card processor's stock after selling 12,579 shares during the period, which was worth $9,555,000 as of its most recent filing with the SEC.

This is not an isolated incident, as other institutional investors have also made changes to their positions in V. Paladin Wealth LLC grew its holdings in Visa by 9.3% in the second quarter and now owns 3,398 shares valued at $1,166,000. Defender Capital LLC purchased a new stake in Visa during the same period.

The credit-card processor's stock performance has been strong, with the company announcing quarterly earnings of $3.32 per share on July 28th, beating the consensus estimate of $3.23 per share.