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Warren Buffett’s Berkshire Hathaway has reduced its stake in Bank of America to below 10%, selling over 9 million shares in a three-day period this week. The stake now stands at approximately 9%. As Berkshire no longer holds more than 10% of Bank of America’s shares, the company is no longer required to disclose transactions as frequently under SEC rules. Bank of America remains Berkshire's largest institutional holding. Bank of America shares have risen about 1% in the past month despite the sales.

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00:00It's Benzinga, and here's what's on the block.
00:03Warren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to below
00:0710%, selling over 9 million shares in a three-day period this week.
00:11The stake now stands at approximately 9%.
00:14As Berkshire no longer holds more than 10% of Bank of America shares, the company is
00:18no longer required to disclose transactions as frequently under SEC rules.
00:23Bank of America remains one of Berkshire's largest institutional holdings.
00:28Bank of America shares have risen about 1% in the past month despite the sales.
00:32For all things money, visit Benzinga.com.

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