Grant Private Wealth Management Boosts NVIDIA Holdings to $28.29 Million

Grant Private Wealth Management Inc has significantly increased its holdings in NVIDIA Corporation's (NASDAQ:NVDA) stock, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor boosted its holdings by 8.7% during the second quarter, buying an additional 11,263 shares.

Grant Private Wealth Management Inc now owns 141,405 shares of NVIDIA's stock, which comprises 11.9% of its portfolio, making it the company's largest holding. The value of its holdings in NVIDIA was $28,294,000 at the end of the second quarter.

This is not an isolated instance; other institutional investors and hedge funds have also recently bought and sold shares of NVIDIA. Crescent Sterling Ltd., for example, increased its holdings by 5.0% during the same period, while Prota Financial LLC purchased a new stake in NVIDIA in the second quarter valued at about $232,000.

NVIDIA's stock price has been trending upward, with analysts expecting the company to post 8.79 EPS for the current fiscal year. The business also recently declared a quarterly dividend of $0.25 per share, which is a positive change from NVIDIA's previous quarterly dividend of $0.01.