NVIDIA Stake Reduced by First National Bank of Mount Dora Trust Investment Services

NVIDIA Corporation (NASDAQ:NVDA) has been on the radar of investors due to its strong performance in the second quarter. According to a recent 13F filing, First National Bank of Mount Dora Trust Investment Services lessened its stake in NVIDIA by 3.5% during this period.

The fund owned 97,463 shares of NVIDIA's stock after selling 3,540 shares. This represents about 3.9% of the bank's holdings, making it their second-largest holding. The value of these shares was approximately $19.5 million as of the most recent filing with the Securities and Exchange Commission.

This is not an isolated case, as other institutional investors have also been buying or selling NVIDIA shares. Longview Financial Advisors Inc. purchased a new stake in NVIDIA during the fourth quarter worth about $27,000. Longfellow Investment Management Co. LLC lifted its position in NVIDIA by 47.9% during the second quarter.

NVIDIA's strong performance has been driven by its growth in the data-center market. The company has been investing heavily in this area and has seen significant returns. However, some investors are cautioning that the company may be overvalued due to its high price-to-earnings ratio.