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NewEdge Wealth Invests Heavily in The Home Depot Amid Ongoing Market Challenges

Guavy AI Editorial Team
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NewEdge Wealth LLC has invested $80.35 million in The Home Depot, Inc., buying 227,836 shares of the home improvement retailer's stock.

This investment makes up approximately 0.8% of NewEdge Wealth LLC's portfolio, with The Home Depot being its 26th largest position.

The company's quarterly earnings data was announced on August 18th, showing revenue of $47.86 billion, up 5.7% year over year and above expectations.

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