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Bank of America Buys $5.8 Billion Stake in Home Depot

Guavy AI Editorial Team
Instruments
HD
Share

Bank of America Corp DE has acquired shares of The Home Depot, Inc. (NYSE:HD) worth approximately $5.78 billion in its most recent 13F filing with the Securities & Exchange Commission.

The fund purchased 16,390,122 shares during the second quarter, representing a new position for Bank of America Corp DE in HD stock.

This acquisition makes up about 1.64% of Home Depot's outstanding shares.

Other institutional investors have also modified their holdings of HD in recent quarters.

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