Warren Buffett’s Berkshire Hathaway Sells More Bank of America Stock. Here’s How Much It Has Left.
Berkshire Hathaway resumed sales of Bank of America stock in recent days, unloading about $900 million worth of shares and dropping its stake in the big bank to $34 billion, or 10.8% of the shares outstanding. Berkshire sold 22.3 million shares of Bank of America on Tuesday, Wednesday, and Thursday at prices averaging $39.58 to $40.78, according to a Form 4 filing with the Securities and Exchange Commission late Thursday. Berkshire now owns 836 million shares.