Boeing Stock Attracts New Investor as Institutional Holdings Increase

Pacific Excel Wealth Advisors Inc., a financial institution, has invested $1.05 million in Boeing stock by acquiring 4,856 shares during the second quarter of this year.

This is not an isolated case, as several other institutional investors and hedge funds have also modified their holdings of BA. For instance, Revolve Wealth Partners LLC acquired a new stake in Boeing worth $201,000, while Sivia Capital Partners LLC increased its position in shares by 16.5%.

The overall market sentiment towards Boeing has improved recently due to the FAA's approval of the 737 MAX 7 certification and BNP Paribas analyst Matthew Akers upgrading the company's rating from Sell to Buy.