**Berkshire Hathaway Reduces Stake in Bank of America Below 10%**

In a strategic move, Warren Buffet's Berkshire Hathaway has reduced its stake in Bank of America to below 10%. The investment giant sold 9.5 million shares of the bank, executed across three separate transactions this week, with an average selling price of $40.04 per share.

According to a recent Securities and Exchange Commission (SEC) filing, Berkshire Hathaway initiated the sell-off with 3.9 million shares on Tuesday, followed by 4 million shares on Wednesday, and concluded with 1.6 million shares on Thursday. This series of sales brings Berkshire's stake in Bank of America down to a 9.98% holding, equivalent to 775 million shares.

The market reacted positively to this new development, with Bank of America shares trading 4.94% higher on Friday, reaching $41.95, as per Benzinga Pro data. The reduction in Berkshire’s stake means the firm is no longer obligated to provide immediate disclosures of its transactions involving Bank of America to the SEC.

This latest sell-off is part of Berkshire Hathaway’s gradual reduction of its holdings in Bank of America over the past few months. In August, the company sold shares worth more than $550 million and has continued similar activities in September and July. The trend isn't isolated to Bank of America; in 2022, Berkshire sold its remaining shares in Wells Fargo, and in 2020, it dumped its stake in JPMorgan Chase.

These actions suggest that Warren Buffet's investment firm may now see greater value outside of the banking sector. In the wake of selling its shares in JPMorgan Chase, Berkshire has invested in other industries, acquiring stakes in companies like Verizon and Chevron.

Investors looking to acquire Bank of America stock have various options, such as purchasing directly through brokerage platforms, investing in exchange-traded funds (ETFs) that hold Bank of America shares, or allocating investments through mutual funds within 401(k) plans.

The Financials sector, where Bank of America operates, offers several vehicles for investors to gain exposure to this segment's trends, potentially providing diversified access to other substantial and liquid companies within the sector.