Orca Invests $1.58 Million in Home Depot as Institutional Investors Pile In

Orca Investment Management LLC made a significant investment in The Home Depot Inc. (NYSE:HD) by acquiring 4,489 shares of its stock during the second quarter.

The investment was valued at approximately $1.58 million and comprises about 1.1% of Orca's holdings, making it the company's 28th biggest holding.

This is not an isolated incident, as several other institutional investors have also increased their positions in Home Depot during the fourth quarter.

Vanguard Group Inc., for instance, raised its position by 1.3% and now owns 99,635,779 shares of Home Depot's stock worth $34,284,672,000.