Van ECK Associates Corp Doubles Down on Honeywell Aerospace Stake
Van ECK Associates Corp, a financial investment firm, has acquired a new position in Honeywell Aerospace's stock. According to its most recent Form 13F filing with the Securities & Exchange Commission, the company purchased 137,595 shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter. The value of these shares is approximately $30.8 million.
The acquisition is part of a larger trend of hedge funds and other institutional investors increasing their stakes in Honeywell Aerospace. Other firms, such as Bell Investment Advisors Inc., Strategic Wealth Advisors LLC, Meeder Asset Management Inc., Mowery & Schoenfeld Wealth Management LLC, and Gables Capital Management Inc., have also purchased new stakes in the company during the second quarter.
Honeywell Aerospace is a leading manufacturer of aircraft components, avionics, engines, and systems. The company offers a wide range of products, including actuation products, air and thermal management products, auxiliary power units, and more.