Occidental Asset Management Takes Stake in Home Depot

Occidental Asset Management LLC has purchased a new position in The Home Depot, Inc. (NYSE:HD), valued at approximately $6 million.

The institutional investor acquired 17,041 shares of the home improvement retailer's stock during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.

This is not an isolated instance; several other institutional investors have also recently bought and sold shares of HD. In fact, 70.86% of the company's stock is owned by institutional investors and hedge funds.