The move takes the total sale of shares to about 174.7 million since mid-July, raking in US$7.19-billion, according to LSEG data
Berkshire, late on Tuesday, disclosed it has sold about 5.8 million BofA shares between Sept. 6 and Sept. 10.
Berkshire, still BofA’s largest shareholder, has to keep reporting sales regularly until its holding falls below 10 per cent. It is currently at 11.1 per cent. “I don’t know what exactly he is doing because frankly we can’t ask,” Moynihan told investors at a financial conference in New York.
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