NVIDIA Sees Significant Investment from Hedge Funds in Second Quarter

NVIDIA Corporation (NASDAQ:NVDA) has seen significant investment from various hedge funds and institutional investors in the second quarter, according to a recent 13F filing with the Securities and Exchange Commission. Harborfront Financial Group LLC purchased 3,191 new shares of NVIDIA's stock, valued at approximately $639,000, making up 2.4% of its portfolio.

Meeder Asset Management Inc. increased its holdings in shares of NVIDIA by 3.5%, now owning 678,626 shares valued at $135,786,000. Pension & Wealth Management Advisors Inc. grew its holdings in NVIDIA by 12.7%, now owning 21,362 shares valued at $4,274,000.

Graney & King LLC also increased its holdings in NVIDIA by 12.1% and Pzena Investment Management LLC bought a new position in the company's stock, valued at approximately $289,000. Citizens Financial Group Inc. RI raised its position in shares of NVIDIA by 0.6%, now owning 1,655,059 shares valued at $331,161,000.

NVIDIA has seen significant price appreciation this year, with a fifty-day moving average of $218.20 and a two-hundred day moving average of $207.30. The company's market capitalization stands at $5.56 trillion, with a debt-to-equity ratio of 0.14 and a current ratio of 4.59.