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Warren Buffett's Berkshire Hathaway Trims Bank of America Stake to Just Above 10%
Buffett's 'clearing' of Bank of America approaches the regulatory threshold: three consecutive days of selling, cashing out $0.46 billion!
According to the latest new document submitted to the SEC, Berkshire Hathaway reduced its shareholding in Bank of America stocks for three consecutive trading days on September 25, 26, and 27, 2024, totaling 11.678 million shares, with cashing out of approximately 0.461 billion dollars. After the latest sell-off, Berkshire Hathaway currently still holds 10.3% of the shares of this second largest bank in the USA, approaching the regulatory threshold of 10%.
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