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Bank of America Corporation $BAC Holdings Increased by Benjamin Edwards Inc.
Benjamin Edwards Inc. significantly increased its stake in Bank of America (NYSE:BAC) by 118% in the fourth quarter, bringing its total holdings to 264,612 shares valued at approximately $14.6 million. This increase is part of a broader trend of institutional investment, with other firms also boosting their positions in BAC, which now has about 70.7% institutional ownership. Bank of America recently outperformed Q1 earnings estimates, reported strong share buybacks, and announced a quarterly dividend of $0.28 per share.