OMAHA, Neb. (AP) — Warren Buffett’s company has purchased another $400 million of Bank of America stock less than a week after buying roughly $800 million of the bank’s stock.
Berkshire Hathaway said Monday it held 998 million Bank of America shares after the latest purchases, which represents roughly 11.5% of the bank’s stock.
Berkshire bought 16.4 million shares of Bank of America stock between Thursday and Monday.
Last week, Berkshire reported buying 33.9 million shares of Bank of America stock worth about $818 million.
Investors follow what Berkshire buys and sells closely because of Buffett’s successful track record.