Stocks
Peak Asset Snaps Up Home Depot Shares Worth Over $1 Million
Peak Asset Management LLC has acquired shares of The Home Depot, Inc. (NYSE:HD) worth approximately $1,141,000. This investment was made during the second quarter, according to a filing with the Securities & Exchange Commission.
The institutional investor purchased 3,234 shares of the home improvement retailer's stock, marking a new position in the company. Several other hedge funds have also modified their holdings of Home Depot stock in recent periods.
In related news, EVP Michael F. Rowe sold 710 shares of the company's stock on August 26th for an average price of $336.76 per share, resulting in a total value of $239,099.60.