Berkshire Hathaway Keeps Selling Its Bank of America Stock. Should Investors Be Concerned?
Berkshire Hathaway has dumped 52.8 million shares of Bank of America stock in the last six days.Berkshire Hathaway (BRK.A 0.13%) (BRK.B 0.15%) sold off nearly 52.8 million shares in Bank of America (BAC -1.39%), its second-largest holding, over the course of six days in late July. The stake amounted to around $2.3 billion, and it is the first time Berkshire has trimmed its position in the second-largest U.S. bank since 2019.Bank of America (BofA) stock has performed well since Berkshire first invested in it ...