10:46 AM EDT, 07/30/2024 (MT Newswires) -- Berkshire Hathaway (BRK-A, BRK-B) has reduced its equity stake in Bank of America ( BAC ) again, selling 18.4 million of the bank's shares through a series of open-market transactions that resumed last Thursday and extended through Monday' session, a regulatory filing Monday showed.

Berkshire began paring its Bank of America ( BAC ) stake July 17, the day after the money-center bank reported better-than-expected Q2 results and the financial and industrial conglomerate held just over 1.03 billion of its shares. At the time, the stock fetched slightly more than $44 per share but has slipped about 7% as Berkshire sold more than 71.2 million shares, stock ownership filings show.

Despite the recent sales, Berkshire and its chief executive Warren Buffett continue as Bank of America's ( BAC ) largest individual shareholder, owning more than 961.6 million shares - or roughly 12.3% of its outstanding stock - and valued at almost $40.3 billion based on Monday's closing price of $41.09 each.

Bank of America ( BAC ) shares recently were up about 1.2% during Tuesday morning trade. Berkshire Hathaway class A and B shares were ahead 1%.

Price: 41.54, Change: +0.45, Percent Change: +1.09