Warren Buffett’s Berkshire Hathaway sells more Bank of America shares
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Contributor since / Followers
Contributor since / Followers
4 months ago
Alex Wong
- Warren Buffett’s Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) has shed 18.7M more shares of Bank of America (NYSE:BAC) for about $121.6M, the Omaha, Nebraska-based investment conglomerate disclosed in a filing late Thursday.
- The company has been selling off shares of the bank since mid-July. As of June 30, the company held 1.03B shares of BAC; that has been reduced by 16% to ~864M shares
- In the latest disclosure, Berkshire Hathaway (BRK.B) sold the shares in three separate transactions from Sept. 3 to Sept. 5.
- After the last stock sale, Berkshire still held almost 864M shares of Bank of America (BAC).