Reported 28 days ago
Warren Buffett's Berkshire Hathaway has divested $228.7 million worth of shares in Bank of America, continuing to reduce its stake in the company. Between September 6 and September 10, the conglomerate sold approximately 5.8 million shares, bringing its total sales since mid-July to about 174.7 million shares, amounting to $7.19 billion. Berkshire remains the largest shareholder in BofA but must report further sales until its holding drops below 10%, currently at 11.1%.
Source: YAHOO