Legg Mason Asset Management Japan Co. Ltd. Trims Stake in Bank of America Corp (BAC)

Legg Mason Asset Management Japan Co. Ltd. lessened its position in shares of Bank of America Corp (NYSE:BAC) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74,500 shares of the financial services provider’s stock after selling 4,900 shares during the quarter. Bank of America comprises approximately 1.5% of Legg Mason Asset Management Japan Co. Ltd.’s portfolio, making the stock its 10th largest position. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Bank of America were worth $1,808,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BAC. Vanguard Group Inc. boosted its stake in Bank of America by 1.4% in the second quarter. Vanguard Group Inc. now owns 661,494,339 shares of the financial services provider’s stock valued at $16,047,853,000 after acquiring an additional 9,117,007 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Bank of America by 52.4% during the second quarter. Parametric Portfolio Associates LLC now owns 24,012,218 shares of the…

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