Petra Financial Advisors Boost NVIDIA Holdings Amid Strong Earnings
Petra Financial Advisors Inc., a financial institution, increased its holdings in NVIDIA Corporation by 36.2% during the second quarter of this year. According to their latest SEC filing, they now own approximately 20,809 shares of NVDA stock, valued at $4,164,000. This represents about 1.9% of Petra Financial Advisors Inc.'s investment portfolio, making NVIDIA its 13th largest holding.
Other hedge funds have also been buying into NVDA, with Lifetime Wealth Management P.C., Longview Financial Advisors Inc., and Frankly Finances LLC all purchasing new positions in the company during different quarters. However, it's worth noting that a significant portion of NVDA stock is currently owned by institutional investors and insiders, with 65.27% held by hedge funds and other institutional investors.
NVIDIA has been performing well recently, with its quarterly earnings per share beating analysts' expectations at $2.22. The company also reported revenue of $96.22 billion for the quarter, up 105.9% from last year's same period.