TSP Capital Triples Western Union Equity Ownership
According to an SEC filing dated April 24, TSP Capital Management Group, LLC disclosed a buy of Western Union (NYSE:WU) shares.
Western Union provides international money transfer and payment services, operating through a broad agent network and digital platforms. It seeks to use its scale and established brand to enable efficient cross-border transactions for both consumers and businesses.
TSP Capital aggressively purchased Western Union shares in the first quarter. The firm tripled its share ownership to nearly 1.1 million shares. With a $9.5 million value as of March 31, the stake represented 2.3% of its reported AUM.
Source Fool.com
