Warren Buffett’s Berkshire Hathaway lifted its stake in Bank of America to 11.3%, this week buying 34 million shares at a median $24.The acquisition was valued at $813 million. The 11.3% holding, nearly 982 million shares, is valued at $23.9 billion based mostly on Wednesday’s closing price of $24.31. Ultimately verify Bank of America shares had been buying and selling 0.9% larger at $24.53.As of March 31, the Charlotte bank represented Berkshire’s second largest place after Apple (AAPL) – Get Report.Bank of America shares weren’t Berkshire Hathaway’s solely buy this month. It additionally agreed to pay $10 billion for many of Dominion Vitality’s (D) – Get Report natural-gas property.Berkshire additionally apparently repurchased $5 billion to $6 billion of its shares from late April to early July, based mostly on Securities and Alternate Fee filings.Morningstar analyst Greggory Warren expressed enthusiasm for the Dominion Vitality deal. “We are encouraged to see Berkshire finally putting some capital to work following CEO Warren Buffett’s hesitance to jump into the fray following the covid-19 shutdown,” he wrote in a July 6 commentary. “While the deal may not move the needle all that much from a balance-sheet perspective, it should produce around $1 billion in net income annually, based on results for Dominion’s gas distribution and gas transmission and storage operations the past several years.”Berkshire Class B shares ultimately verify stood at $191.76, off 0.2%. The stock misplaced 15% 12 months to this point by way of Wednesday.Bank of America shares have fallen 31% in 2020 to this point. The S&P 500 gained 0.8% throughout that interval.