Berkshire Hathaway Inc. sold shares in International Business Machines Corp. in the latest quarter and bought more stock in Apple Inc. , while opening a new position in Bank of America Corp. In a quarterly filing with the Securities and Exchange Commission, Warren Buffett’s investment firm disclosed that it sold about one-third of its IBM stake, more than 17 million shares, and purchased about 3.9 million Apple shares, which gives Berkshire more than 134 million shares of the iPhone maker in total. Berkshire bought 679 million shares in Bank of America while slightly cutting its stake in Wells Fargo & Co. Berkshire Hathaway stock has gained about 1.6% so far this year, while the S&P 500 index has added 15.5%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Latest posts by Market Watch (see all)
- The New York Post: Lena Dunham slammed on Twitter for defending ‘Girls’ writer accused of rape - November 18, 2017
- Trump is delaying decision to allow elephant trophies into the country - November 18, 2017
- Rex Nutting: More Republicans are now saying what they really think about taxes, pedophiles, mass shootings - November 18, 2017