Boeing Stake Cut by Algert Global LLC Amid Mixed Sentiment on Stock

Algert Global LLC has decreased its stake in The Boeing Company by 60.2% to 14,493 shares as of the second quarter, according to a recent Form 13F filing with the Securities & Exchange Commission.

The firm's holdings in Boeing were worth $3,137,000 at the end of the period.

Algert Global LLC is not the only institutional investor making changes to its stake in BA. Bank of New York Mellon Corp acquired a new position in shares of Boeing during the second quarter worth approximately $747,763,000, while Deutsche Bank AG also acquired a new stake in Boeing valued at $539,456,000.

Alyeska Investment Group L.P. increased its position in Boeing by 245.7% during the fourth quarter, now owning 2,252,450 shares of the aircraft producer's stock worth $489,052,000 after buying an additional 1,600,909 shares in the last quarter.