Bank of America Cuts Corteva Stake Amid Institutional Buying Spree
Bank of America Corp DE has sold off part of its Corteva stake. The firm's most recent Form 13F filing revealed that it decreased its position in shares of Corteva, Inc. (NYSE:CTVA) by 4.5% during the first quarter.
The Bank of America Corp DE now owns 5,253,039 shares of the company's stock after selling 247,738 shares during the quarter. This represents a stake worth $439,732,000 at the end of the most recent reporting period, which is approximately 0.79% of Corteva.
Other institutional investors have also made adjustments to their positions in Corteva. Harris Associates L P, for example, grew its holdings in shares of the company by 168.1% during the fourth quarter and now owns 17,026,221 shares valued at $1,141,268,000.
Norges Bank acquired a new position in shares of Corteva worth $504,001,000 during the fourth quarter. Meanwhile, Royal Bank of Canada boosted its holdings by 202.1% and now owns 7,458,624 shares valued at $624,362,000.