Institutional Investors Adjust Stakes in L3Harris Technologies

Narwhal Capital Management trimmed its stake in L3Harris Technologies by 18.2% in the third quarter, after selling 7,324 shares during that period. During the second quarter, BlackRock Inc. bought a new position in L3Harris Technologies valued at $5,525,806,000. State Street Corp increased its holdings by 2.9%, while Wellington Management Group LLP increased its holdings by 7.1%. Additionally, Bank of New York Mellon Corp bought a new stake worth $752,983,000, and Bank of America Corp DE raised its position by 1.4% in the second quarter.

The shifts in institutional ownership reflect changes in major investors' positions regarding L3Harris Technologies. These movements can influence market sentiment and the valuation of the company.