Will This BofA Suit Make These Top Institutional Shareholders Nervous?

Bank of America (NYSE:BAC) has been sued by CIFG Assurance North America Inc. for fraud and breach of contract regarding insurance policies that are related to residential mortgage-backed securities. Bank of America share prices ranged from $4.92 to $10.10 during the past 52 weeks and they have now reached $9.90 which is more than 100% higher than its 52-week low.

Will Bank of America’s shareholders increase their holdings? They reported owning a total of 6.065 billion shares on 09/30/2012. The shares closed at $8.83 on 09/30/2012.

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Here are the ten largest positions in Bank of America Corporation at the end of September 30th, 2012.

Vanguard Group Inc. held 451,163,358 shares on 09/30/2012 worth $3,983,772,417. This brought the portfolio total to 0.51%.

State Street Corp. held 433,013,976 shares on 09/30/2012 worth $3,823,513,375. This brought the portfolio total to 0.56%.

Blackrock Institutional Trust Company N.A. held 291,723,650 shares on 09/30/2012 worth $2,575,919,807. This brought the portfolio total to 0.59%.

Citigroup Inc. held 230,224,409 shares on 09/30/2012 worth $2,032,881,514. This brought the portfolio total to 2.0%.

J.P Morgan Chase & Co. held 214,318,306 shares on 09/30/2012 worth $1,892,430,626. This brought the portfolio total to 0.68%.

Goldman Sachs Group Inc. held 176,418,107 shares on 09/30/2012 worth $1,557,771,871. This brought the portfolio total to 0.62%.

Price T. Rowe Associates Inc. /MD/ held 154,755,893 shares on 09/30/2012 worth $1,366,494,523. This brought the portfolio total to 0.4%.

Wellington Management Co. LLP. held 138,221,568 shares on 09/30/2012 worth $1,220,496,435. This brought the portfolio total to 0.44%.

Northern Trust Corp. held 134,975,803 shares on 09/30/2012 worth $1,191,836,330. This brought the portfolio total to 0.5%.

Dodge & Cox held 133,119,849 shares on 09/30/2012 worth $1,175,448,257. This brought the portfolio total to 1.53%.

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