NVIDIA Share Buy Boosted by Institutional Investor

NVIDIA Corporation's $NVDA shares continue to be a major focus for institutional investors. RDA Financial Network, in its most recent 13F filing with the SEC, revealed that it has increased its stake in NVIDIA by 10.4% during the 2nd quarter.

The company now owns approximately 98,615 shares of NVIDIA's stock, valued at $19,732,000. This represents a significant portion of RDA Financial Network's holdings, making NVIDIA its largest position, accounting for around 4.3% of its total portfolio.

This is not an isolated instance, as other institutional investors have also made changes to their positions in NVIDIA. Lifetime Wealth Management P.C., Longview Financial Advisors Inc., and Spurstone Advisory Services LLC are some examples of companies that have acquired new positions or increased their existing holdings in the company during the same quarter.

NVIDIA has been performing well, with its stock price reaching a 12-month high of $236.54. The company's recent earnings report showed a significant increase in revenue, up 85.2% year-over-year, and beat analyst estimates. NVIDIA's Board of Directors also initiated a share repurchase program worth $80.00 billion, allowing the company to buy back up to 1.5% of its stock through open market purchases.