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Manufacturers Life Insurance Invests $244 Million in Home Depot

Guavy AI Editorial Team
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HD
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The Manufacturers Life Insurance Company acquired a significant stake in The Home Depot, Inc. (NYSE:HD) during the second quarter of this year.

The institutional investor purchased approximately 692,349 shares valued at $244,178,000, representing about 0.07% of the home improvement retailer's outstanding stock.

This is just one of several recent investments in Home Depot by various institutional investors, including Parvin Asset Management LLC and Zeit Capital LLC, who have also acquired new stakes in the company.

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