Home Depot Sees Increased Institutional Ownership Amid Market Volatility
Exchange Traded Concepts LLC has increased its holdings in The Home Depot, Inc. (NYSE:HD) by 36.3% during the second quarter, according to a recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 22,992 shares of the home improvement retailer's stock after acquiring an additional 6,122 shares during the period. The total value of Exchange Traded Concepts LLC's holdings in Home Depot was $8,109,000 at the end of the most recent reporting period.
This is not an isolated instance, as other institutional investors have also modified their holdings in Home Depot. Norges Bank acquired a new stake in Home Depot during the fourth quarter worth $4,850,329,000.