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Institutional Investors Pour Millions into The Home Depot Amid Ongoing Growth

Guavy AI Editorial Team
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HD
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The Home Depot, Inc. (NYSE: HD) continues to see significant investment from institutional investors, with Beacon Pointe Advisors LLC acquiring a new stake in the company during the second quarter.

According to a recent SEC filing, Beacon Pointe Advisors acquired 139,098 shares of The Home Depot's stock, valued at approximately $49.06 million.

This is not an isolated instance, as several other hedge funds and institutional investors have also added to their stakes in the company recently, including Advocate Investing Services LLC, Zeit Capital LLC, Cache Advisors LLC, and Merkkuri Wealth Advisors LLC.

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