NWF Advisory Services Inc. cut BAC stock 4.6% in the first quarter after selling 9,509 shares of Bank of America Corporation. The position still stood at 196,788 shares, a $9,593,000 stake that kept the bank as its 22nd biggest holding.
NWF Advisory Services Inc. trims 9,509 shares
4.6% is a modest trim rather than a full exit, and the filing shows Bank of America still represented 1.1% of NWF Advisory Services Inc.'s investment portfolio. For readers tracking ownership shifts, that means the firm reduced exposure while keeping BAC stock in the portfolio mix.
$9,593,000 in value also places the holding in context: the sale lowered the share count, but not enough to remove the name from NWF Advisory Services Inc.'s larger positions. That kind of change usually matters more for the size of the position than for day-to-day trading in the stock.
Geoffrey S. Greener sells 126,756 shares
126,756 shares were sold by Geoffrey S. Greener on Tuesday, May 5th at an average price of $53.01 each, for total proceeds of $6,719,335.56. After that transaction, he directly owned 1,373,397 shares valued at $72,803,774.97.
8.45% was the portion of that direct stake represented by the sale, a size that makes the transaction more than a routine lot change. For BAC stock holders, the filing adds a second data point showing reduced exposure from both an institution and an insider.
Bank of America and 70.71%
70.71% of Bank of America stock is owned by institutional investors and hedge funds, so the NWF Advisory Services Inc. cut sits inside a much wider ownership base. That is the complication in the filing: one holder reduced its stake while the shareholder base remains dominated by large institutions.
If you track BAC stock ownership, the practical read is simple: one manager trimmed, one insider sold, and neither move changes the fact that Bank of America remains heavily institutionally owned. The next thing to watch is whether later Form 13F filings show more holders reducing or rebuilding positions.
