Envestnet Boosts Stake in The Home Depot Amid Broader Institutional Buying

Envestnet Asset Management Inc. recently increased its stake in The Home Depot, Inc. (NYSE:HD) by 0.4% during the second quarter.

The institutional investor now owns 2,596,155 shares of the home improvement retailer's stock, valued at $915,609,000, which accounts for 0.26% of Home Depot's outstanding shares.

This is not an isolated instance, as several other hedge funds and institutional investors have also been buying into Home Depot during this period.

State Street Corp boosted its holdings in Home Depot by 1.1%, while Geode Capital Management LLC increased its stake in the company by 1.5% during the fourth quarter.