Bank of America Acquires New Stake in BlackRock
2 reports, 1 independent
Updated Sat 00:00
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What happened
Bank of America Corp DE bought a new position in BlackRock during the second quarter, valued at $4,409,095,000. This purchase occurred while other institutional investors, including Corient Private Wealth LLC and Auto Owners Insurance Co, also made significant changes to their holdings in the asset manager.
From dailypolitical.com
Why it matters
The acquisition represents a substantial flow of capital into BlackRock, one of the world's largest asset managers. This move contributes to the high level of institutional ownership in BlackRock stock, which is reported to be 80.69%.
From dailypolitical.com
Who's involved
- BlackRockAmerican multinational investment management corporation that received the new investment
- Bank of AmericaAmerican multinational banking and financial services corporation that purchased the new stake
Keep exploring
The entities involved
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BlackRock
American multinational investment management corporation
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Bank of America
American multinational banking and financial services corporation
Related events
- Bank of America raised its stake in The Bancorp, Inc. on October 18, 2026.
- United Community Bank purchased a new stake in the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF managed by BlackRock.
- BlackRock and Future FinTech Group are competing for investment capital.
- BlackRock acquired the remaining 75% stake in Global Infrastructure Partners and also acquired London-based Preqin.
- Bank of America bought a new stake while Ninety One UK Ltd raised its position in Colgate-Palmolive Company.