Coastal Bridge Advisors Snaps Up $2M Worth of Boeing Stock

Coastal Bridge Advisors LLC acquired 9,434 shares of Boeing Company stock during the second quarter, according to its latest SEC filing. The total value of these shares is approximately $2.04 million.

This recent purchase is not an isolated event; several other institutional investors have also increased their holdings in Boeing over the past few quarters. XML Financial LLC, for example, boosted its position by 0.5% during the fourth quarter and now owns 8,905 shares valued at $1.93 million.

Boeing's stock price has been impacted by various factors, including a recent SEC probe that puts Wall Street leverage risk back in focus. The company's defense contracts, such as its sole-source F-15 sustainment contract with a potential ceiling of $131.23 billion through 2037, have also been a point of discussion.