Boeing Stake Acquired by Public Employees Retirement System of Ohio

The Public Employees Retirement System of Ohio recently acquired a significant stake in The Boeing Company (NYSE:BA), purchasing 286,756 shares valued at approximately $62.07 million.

This move is part of a larger trend of institutional investors increasing their stakes in Boeing's stock.

According to the source, several other hedge funds and institutions have also added to or reduced their positions in the company during the second quarter.

Boeing has faced various challenges recently, including concerns about manufacturing quality and regulatory scrutiny related to its 787 and 737 MAX aircraft.