Bank of America Boosts Stake in Financial Institutions by Over 100%

Bank of America Corp DE significantly increased its stake in Financial Institutions, Inc. (NASDAQ:FISI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The firm purchased an additional 60,234 shares, boosting its overall holdings by 101.3% to 119,691 shares.

This investment is valued at approximately $3.795 million, accounting for about 0.61% of Financial Institutions' outstanding stock.

Bank of America Corp DE was not the only institutional investor to increase its stake in FISI during this period; several other firms, including Royal Bank of Canada, Empowered Funds LLC, Quantinno Capital Management LP, and Sei Investments Co., also expanded their holdings.