Home Depot Attracts New Investor as Institutional Stake Grows

Evolve Private Wealth LLC made a new investment in The Home Depot, Inc. (NYSE:HD) during the second quarter, according to its most recent disclosure with the SEC.

The fund acquired 4,603 shares of the home improvement retailer's stock, valued at approximately $1,623,000.

This is not an isolated move, as other hedge funds and institutional investors have also recently made changes to their positions in Home Depot.

In fact, Gator Capital Management LLC acquired a new position in Home Depot during the fourth quarter worth $3,693,000, while King Luther Capital Management Corp raised its position in Home Depot by 0.6% in the same period.