Stocks
Smithbridge Sells 3,236 NVIDIA Shares Amid Market Volatility
Smithbridge Asset Management Inc. DE, an institutional investor, trimmed its position in NVIDIA Corporation (NVDA) by selling 3,236 shares during the second quarter.
The sale reduced Smithbridge's stake in NVDA by 2.4%, leaving them with 131,496 shares worth $26,311,000 as of their most recent filing with the Securities and Exchange Commission.
NVIDIA comprises approximately 3.6% of Smithbridge Asset Management Inc. DE's portfolio, making it the company's 7th biggest holding.
This move is part of a broader trend of institutional investors adjusting their holdings in NVDA amid changing market conditions and potential valuation concerns.