Xcel Wealth Management Sells $17 Million Worth of NVIDIA Shares

NVIDIA Corporation (NASDAQ:NVDA) announced that Xcel Wealth Management LLC reduced its stake in the company by 3% during the second quarter, according to a recent filing with the Securities and Exchange Commission.

Xcel Wealth Management LLC sold 2,617 shares of NVIDIA's stock, decreasing its holdings from 85,544 shares to 82,927 shares. The value of these shares is approximately $17 million as of the company's most recent SEC filing.

NVIDIA accounts for about 4.1% of Xcel Wealth Management LLC's investment portfolio, making it the fifth largest position in their holdings.