Simplicity Wealth LLC Snaps Up $6.5M Worth of Home Depot Shares

The Home Depot's stock has seen significant activity from various institutional investors in recent months. Simplicity Wealth LLC purchased a new position in The Home Depot, Inc. (NYSE:HD) during the second quarter, buying 18,345 shares worth approximately $6,470,000. This is not an isolated instance, as several other hedge funds have also made changes to their positions in the company.

Other notable investors include Brighton Jones LLC, which boosted its position by 36.5% during the fourth quarter and now owns 26,918 shares valued at $10,471,000. Sivia Capital Partners LLC increased its stake by 7.1% during the second quarter and owns 2,598 shares worth $952,000.

The Home Depot's recent quarterly earnings beat expectations, with a revenue increase of 5.7% compared to the same period last year. The company also declared a quarterly dividend of $2.33 per share, payable on September 17th to shareholders of record on September 3rd.