Warren Buffett’s Berkshire Hathaway sold shares worth $228.7 million in Bank of America in his company’s latest move to offload the bank’s stock, according to a new regulatory filing, as the bank’s chief executive said on the same day that he isn’t sure why Buffett is selling.
In a filing late on Tuesday, Berkshire disclosed it sold about 5.8 million Bank of America shares at about $39 each between Sept. 6 and Sept. 10, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Sept. 10.
