According to a survey conducted by Bank of America Corp Merrill Lynch, investors in US equities have cut down their exposure in the market this month after stocks hit record highs and bond markets witnessed an aggressive selloff.
Bank Of America Corp just filed its Q1 2015 13F. Dated 21/05/2015, the 13f filing reveals the institutional investor has a portfolio value of $297.24 billion, representing an increase of $17.14 billion from the previous quarter when it was $280.10 billion.
The stake in Bank of America Corp (NYSE:BAC) increased to 576,451 shares in 1Q, up from 539,633 shares in 4Q. While the number of shares held in Bank of America increased between 1Q and 4Q, the financial value of the stake plunged in that period.
Bank of America Corp. issued its second green bond yesterday. The bond is worth $600 million in aggregate principal amount and is part of the $70 billion multi-year plan that is intended to promote energy-efficient programs and renewable energy.
Bank of America Corp. has started a new private capital group to raise money for startups without the need for an initial public offering (IPO), according to Bank of America's internal memo sent on Thursday.