Greenspring Advisors Purchases New Stake in The Home Depot

Greenspring Advisors LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD) during the second quarter, according to its most recent Form 13F filing with the SEC.

The fund purchased 3,255 shares of the home improvement retailer's stock, valued at approximately $1,148,000.

This is not an isolated event, as other large investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Home Depot by 36.5% in the fourth quarter and now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000.

The company has seen a positive sentiment with its recent quarterly results showing revenue growth and earnings above expectations, potentially positioning HD to benefit disproportionately when housing and remodeling demand recover.