Will Bank of America’s Settlement Make These Top Institutional Shareholders Happy?

Bank of America (NYSE:BAC) agreed to pay a total of $165 million in order to resolve claims from the U.S. credit union regulator concerning purchases of mortgage-backed securities by corporate credit unions that have since failed, the regulator stated on Tuesday. Bank of America did not admit fault as part of the settlement, according to the National Credit Union Administration.

These institutional firms indicated owning shares of Bank of America in Q1 2013. They reported owning a total of 357,192 shares on 03/31/2013. The shares closed at $12.18 on 03/31/2013.

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Here are the ten largest positions in Bank of America at the end of March 31, 2013.

Park National Corp /OH/ held 294,129 shares on 03/31/2013 worth $3,582,491. This brought the portfolio total to 0.29 percent.

Neville, Rodie & Shaw Inc held 63,063 shares on 03/31/2013 worth $768,000. This brought the portfolio total to 0.09 percent.

Vanguard Group Inc held 463,816,602 shares on 12/31/2012 worth $5,384,910,590. This brought the portfolio total to 0.67 percent.

State Street Corp held 450,353,705 shares on 12/31/2012 worth $5,228,606,360. This brought the portfolio total to 0.76 percent.

Blackrock Institutional Trust Company N.A. held 287,935,454 shares on 12/31/2012 worth $3,342,930,522. This brought the portfolio total to 0.78 percent.

JPMorgan Chase & Co held 245,437,100 shares on 12/31/2012 worth $2,849,524,647. This brought the portfolio total to 0.99 percent.

Citigroup Inc held 226,042,014 shares on 12/31/2012 worth $2,624,347,705. This brought the portfolio total to 2.68 percent.

Price T Rowe Associates Inc /MD/ held 159,341,503 shares on 12/31/2012 worth $1,849,954,795. This brought the portfolio total to 0.54 percent.

Wellington Management Co LLP held 142,958,634 shares on 12/31/2012 worth $1,659,749,692. This brought the portfolio total to 0.11 percent.

Northern Trust Corp held 136,274,948 shares on 12/31/2012 worth $1,582,152,099. This brought the portfolio total to 0.65 percent.

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