Buffett sells $338 million worth of Bank of America stocks, reducing the pace of reduction.

On October 3rd, according to Jinshi data, Warren Buffett's reduction of Bank of America (BAC.N) shares continued to slow down, and the selling price hit the lowest level since he started reducing holdings in mid-July. According to Wednesday's declaration, Berkshire Hathaway, owned by Buffett, sold $338 million worth of Bank of America stocks, with an average reduction price of $39.4 per share on Tuesday and Wednesday. This is the 13th round of reduction for the company, with an average reduction scale of about $750 million in the past few months (usually lasting for three days). The 94-year-old Buffett did not explain why he reduced his holdings of Bank of America shares. Berkshire Hathaway is still the largest shareholder of Bank of America, holding 10.2% of the shares, worth more than $31 billion.