United Super Acquires Over 2 Million Shares of NVIDIA Stock
NVIDIA Corporation (NASDAQ:NVDA) has seen its shares acquired by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund. The fund increased its position in NVIDIA by 11.6% in the second quarter, purchasing an additional 217,166 shares of the company's stock.
The firm owned 2,091,934 shares of NVIDIA's stock after buying more shares during the quarter. NVIDIA makes up 7.5% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's portfolio, making it the fund's largest holding.
The holdings in NVIDIA were worth $418,575,000 at the end of the most recent quarter. Other institutional investors have also recently bought and sold shares of NVIDIA. Cornerstone Select Advisors LLC grew its position in NVIDIA by 3.0% in the second quarter, while Strata Wealth Advisors LLC raised its stake in NVIDIA by 6.4%
Institutional investors own 65.27% of NVIDIA's stock. The company has a market cap of $5.42 trillion and a price-to-earnings ratio of 28.45.