Home Depot Gains Institutional Investor Support Amid Solid Earnings

Trifecta Capital Advisors LLC, an institutional investor, has acquired a new position in The Home Depot, Inc. (NYSE:HD) during the second quarter.

The firm bought 21,124 shares of the home improvement retailer's stock, valued at approximately $7,450,000.

This represents about 1% of Trifecta Capital Advisors LLC's holdings, making Home Depot its 29th largest position.

Home Depot recently released solid quarterly earnings and revenue results that exceeded consensus estimates, with sales increasing year over year. Bank of America characterized the results as resilient despite a difficult housing backdrop.