Bank of America Boosts Stake in Hingham Institution for Savings by 88.8%
Bank of America Corp DE increased its stake in Hingham Institution for Savings (NASDAQ:HIFS) by a significant margin during the first quarter, according to its latest SEC filing. The institutional investor acquired an additional 5,954 shares of the savings and loans company's stock, boosting its holdings by 88.8%.
The purchase brings Bank of America Corp DE's total ownership in Hingham Institution for Savings to 12,656 shares, representing about 0.58% of the company's outstanding shares. This investment is valued at approximately $3,618,000 as per the latest filing with the Securities and Exchange Commission.
Other institutional investors have also shown interest in Hingham Institution for Savings, with several companies like Parallel Advisors LLC, Bank of New York Mellon Corp, Caitong International Asset Management Co. Ltd, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., and Royal Bank of Canada increasing their stakes during the first quarter.