NVIDIA Sees Shifts in Shareholder Positions Amid Market Volatility
NVIDIA Corporation (NASDAQ:NVDA) has seen significant changes in its shareholder positions, particularly from Pathway Wealth Management LLC. The firm decreased its holdings in NVIDIA by 5.3% during the second quarter, selling 11,326 shares and reducing its stake to 203,197 shares. This represents a small portion of Pathway Wealth Management's portfolio, which is dominated by NVIDIA with a 28.4% allocation.
Other hedge funds have also made notable changes to their positions in NVIDIA. Norges Bank acquired a new stake worth approximately $62 billion during the fourth quarter, while J. Stern & Co. LLP increased its stake by a staggering 13,709.1%. Cardano Risk Management B.V. also boosted its position by 896.4%, and Laurel Wealth Advisors LLC lifted its holdings by an impressive 15,496.1%.
NVIDIA's stock has seen significant price action this year, with shares opening at $230.36 on Monday. The company's 50-day and 200-day simple moving averages are $210.61 and $202.19, respectively. NVIDIA's market capitalization stands at $5.55 trillion, with a price-to-earnings ratio of 29.12 and a P/E/G ratio of 1.81.
The company recently announced its quarterly dividend payment, which will be paid on October 1st to stockholders of record as of September 10th. The ex-dividend date is also set for September 10th. NVIDIA's Board of Directors has authorized a $80 billion stock repurchase plan, allowing the company to buy back up to 1.5% of its outstanding shares through open market purchases.