Berkshire Hathaway: Buys 11.3 Pct Of Bank Of America Shares
- Berkshire purchased 34M shares in BoA, which is a 4 percent increase of its holding in the company
- Buffett’s investments in BoA connects to the aftermath of the 2008 financial crisis
- Berkshire now has around $24.1 billion invested, which comes out to an 11.3 percent stake
- Berkshire did so in 2017, when BoA shares were trading at $24, according to FT
- For the past few years, Buffett’s company has been quiet in lieu of the giant acquisitions for which it was usually known
- Berkshire could buy 700 million shares in the company for around $7 a piece
