Reported 3 months ago
Warren Buffett's Berkshire Hathaway has sold off over $3 billion worth of Bank of America shares this month, marking its third disposal of stock in the bank. The sales, which reduced Berkshire's stake by 6.9% from July 25 to July 29, come as Buffett cashes out amid a 22% rise in the stock price this year. Despite these sales, Berkshire still holds approximately 962 million shares valued at about $39.5 billion.
Source: YAHOO