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- Warren Buffett spent another $337 million on Bank of America stock between July 31 and August 4, SEC filings show.
- The billionaire investor and Berkshire Hathaway CEO has splurged close to $2.1 billion on the bank's shares over the past 12 trading days, raising his ownership stake to almost 12%.
- Bank of America is the second-biggest holding in Berkshire's stock portfolio after Apple.
- Buffett has permission to boost his position as high as 24.9%, a banking regulator told Business Insider this week.
- Visit Business Insider's homepage for more stories.
Warren Buffett continued his Bank of America buying spree this week, spending another $337 million on the banking titan's shares between July 31 and August 4, Securities and Exchange Commission filings show.
The famed investor's Berkshire Hathaway conglomerate snapped up 13.6 million shares at an average price of around $24.81. As a result, its stake in the bank swelled to over 1.03 billion shares or 11.9% — a position worth close to $26 billion based on Bank of America's closing share price on Tuesday.
See the rest of the story at Business Insider
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from Business Insider https://ift.tt/2PraQ28
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