SVB Wealth Doubles Down on Honeywell Aerospace with $2.56M Investment

SVB Wealth LLC has acquired a new stake in Honeywell Aerospace (NASDAQ:HONA), purchasing 11,589 shares worth approximately $2.56 million during the second quarter, according to its latest 13F filing with the Securities & Exchange Commission.

The fund's acquisition is part of a broader trend of institutional investors buying into the company, with California State Teachers Retirement System, BlackRock Inc., Wellington Management Group LLP, Bank of America Corp DE, and Bank of New York Mellon Corp all purchasing new stakes in Honeywell Aerospace during the second quarter.

Honeywell Aerospace's stock performance has been mixed, with shares opening at $155.42 on Wednesday. The company's 52-week low is $150.03, while its 52-week high is $297.50.