Audent Global Asset Management LLC significantly lowered its position in Visa Inc. (NYSE: V) during the third quarter, according to its latest Form 13F filing with the SEC. The firm sold 1,671 shares, decreasing its total holdings to 1,581 shares, representing a 51.4% reduction.
This move reflects a notable change in the asset manager’s investment in the credit-card processing company over the period.
**Why this matters**
Changes in institutional holdings can signal shifts in market sentiment or portfolio strategy. Audent Global Asset Management’s reduction in Visa shares may influence investor perceptions and could impact the stock’s trading activity. Monitoring such changes helps provide insight into broader market trends and institutional confidence.