Warren Buffett’s Berkshire Hathaway Inc. sold about 34 million shares of Bank of America Corp. for $1.48 billion, according to a public filing Friday.
Berkshire still owns more than 998 million shares, valued at over $42 billion, making the conglomerate one of the bank’s largest shareholders, according to Bloomberg data. Bank of America stock has risen 7.9% in the month to date.