E Fund Management Co. Ltd. Takes $3.9M Position in The Home Depot, Inc.

E Fund Management Co. Ltd. has acquired a new stake in The Home Depot, Inc., purchasing 11,101 shares of the home improvement retailer's stock valued at approximately $3,915,000.

This is not an isolated instance, as several other hedge funds have also recently bought and sold shares of HD. In fact, institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot has been performing well, with recent quarterly results showing revenue growth and earnings above expectations.