ETFs Are Buying NVIDIA (NVDA) on Thursday

This article first appeared on GuruFocus.

Fifty-seven ETFs were buying NVIDIA (NVDA) shares versus 20 selling last Thursday, for net buying of $295.5 million by dollar value. More funds traded on the buy side, and no larger offsetting selling emerged. The move extended a five-day streak of net buying. Over the prior sessions, net inflows came to $484.9 million on Oct. 19, $57.8 million on Oct. 20, $16.9 million on Oct. 21 and $60.3 million on Oct. 16.

See all ETF and guru trades in NVDA on its NVDA guru trades page.

Which ETFs bought NVDA on Thursday?

The largest buyers by dollar value were SPY ($124.7 million), IWF ($32.8 million) and XLK ($29.5 million). In all, 57 ETFs added shares and 20 cut them.

SPY led the buying with a $124.7 million increase in its NVIDIA position, followed by IWF at $32.8 million and XLK at $29.5 million. DIA added $15.1 million and IUSG $12.9 million, while SPYM, GPIQ and QQQM each contributed smaller amounts. NVIDIA sits in the Technology sector and Semiconductors industry, with a market cap of $5.08 trillion.

Have ETFs been buying or selling NVDA lately?

Over the last 5 reported days, ETFs were net buyers on 5 and net sellers on 0, so the recent trend is mostly buying.

What does NVDA do?

NVIDIA is the world’s leading supplier of accelerated computing and AI infrastructure. The company designs GPUs, data-center-scale…