NVIDIA Shares Sold by Institutional Investors Amid Growing Revenue
NVIDIA Corporation's (NASDAQ:NVDA) shares have been bought and sold by various institutional investors in the second quarter. Rice Hall James & Associates LLC, for instance, reduced its holdings in NVIDIA by 27.9%, selling 4,290 shares during the period.
The institutional investor owned 11,111 shares of NVIDIA's stock after the sale, which were worth $2,223,000 as of its most recent filing with the Securities and Exchange Commission.
Other investors, like Trust Co. of Vermont, acquired a new stake in NVIDIA during the second quarter valued at about $72,750,000. Meanwhile, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in NVIDIA by 5.1% during the same period, acquiring an additional 2,902,522 shares.
The sale of shares by company insiders has also been a notable trend in recent months. Director Mark A. Stevens sold 622,239 shares of the business's stock on September 4th at an average price of $231.62, for a total value of $144,122,997.18.