2 months ago
Key Takeaways
- Warren Buffett's Berkshire Hathaway reduced its liking successful Bank of America by 33.9 cardinal shares complete a three-day play past week.
- The selloff reduced nan company's holdings by astir $1.5 billion, though it continues to person astir 1 cardinal shares of nan slope successful its portfolio.
- Berkshire continues to ain almost a 13% liking successful Bank of America.
Bank of America (BAC) shares fell successful intraday trading Monday aft Warren Buffett’s Berkshire Hathaway (BRK.A) trim its liking successful nan slope by $1.5 billion.
In a regulatory filing connected Friday, nan institution reported it had sold 33.9 cardinal shares complete a three-day play past week. The per-share waste prices ranged from $43.13 to $44.07.
Berkshire Still Owns Large Stake successful Bank of America
Even pinch nan reduction, Berkshire continues to ain astir 999 cardinal shares of BofA, worthy much than $42 billion. It holds an almost 13% liking successful nan firm, which is nan second-biggest Berkshire finance successful its portfolio aft Apple (AAPL).
Shares of Bank of America deed a much than two-year precocious past week, but person fallen ever since, including astir 1% arsenic of noon ET Monday. Still, they stay up much than 25% year-to-date. Also past week, Berkshire Hathaway shares roseate to a grounds earlier losing ground. They're small changed today.
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