Investmark Advisory Group LLC Invests Heavily in The Home Depot
Investmark Advisory Group LLC, a financial institution, has made a significant investment in The Home Depot, Inc. (NYSE: HD) worth $4.25 million. This move was disclosed by the company in its latest filing with the Securities and Exchange Commission (SEC).
The fund purchased 12,037 shares of Home Depot's stock in the second quarter, representing a small fraction of its total investment portfolio at approximately 1.6%. This makes Home Depot the company's 13th largest holding.
This is not an isolated incident; several other institutional investors have also increased their stakes in Home Depot recently. BlackRock Inc., for example, acquired new shares worth $28.77 billion during the same quarter. Norges Bank and Bank of New York Mellon Corp also purchased new stakes in Home Depot valued at approximately $4.85 billion and $2.78 billion respectively.