26 ETFs Add to Visa (V) Holdings on Wednesday
This article first appeared on GuruFocus.
SPY led ETF activity in Visa (V) on Wednesday, adding 196,015 shares worth $76.7 million as 26 ETFs bought the stock and 14 sold, for a net $67.6 million of buying. The prior session saw net selling of $57.2 million, but the stock has now drawn net buying in four of the last five sessions. The one-day buying streak follows net inflows of $36.4 million on Monday and $52.4 million on Friday.
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Which ETFs bought V on Wednesday?
The largest buyers by dollar value were SPY ($76.7 million), SPYV ($8.8 million) and IVV ($5.0 million). In all, 26 ETFs added shares and 14 cut them.
SPY was the largest buyer by value, increasing its stake by 0.94% to 21,021,392 shares, followed by SPYV with $8.8 million and IVV with $5.0 million. IWF added $2.1 million, while PWB, CGGO, SPYM and RDVY each bought less than $1 million. Visa is a Financial Services company in the Credit Services industry with a market cap of $746.4 billion.
Have ETFs been buying or selling V lately?
Over the last 5 reported days, ETFs were net buyers on 4 and net sellers on 1, so the recent trend is mostly buying.
What does V do?
Visa is one of the world’s leaders in digital payments, operating VisaNet, a proprietary transaction processing network that provides authorization, clearing, and settlement among consumers, financial institution issuers and acquirers, and sellers in more than 200 countries and territories.
Visa reported trailing-12-month revenue of $44.49 billion, up 17.8% year over year, with gross and net margins of 77.2% and 50.8%. Its P/E is 34.31, P/B is 21.55 and P/S is 17.27. The GF Score is 99, and the GF Value of $407.12 compares with a price of $399.75. The dividend yield is 0.72%, and the stock is up 14.67% year to date.