Legendary investor Warren Buffett has continued to trim his stake in Bank of America Corp., with his latest round of sales generating $338 million. This marks the third consecutive period of reduced sales, with the average price per share dipping to $39.40. Since mid-July, Buffett’s conglomerate, Berkshire Hathaway Inc., has been gradually offloading its massive holding in the bank, with the latest disposal being the 13th round. Despite the slowdown, Berkshire remains the largest shareholder, with a 10.2% stake valued at over $31 billion. The reasons behind Buffett’s decision to pare down his investment remain unclear, but the 94-year-old mogul has been steadily reducing his exposure to the bank over the past few months.
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