Granite Investment Partners LLC decreased its stake in shares of Bank of America Co. ( NYSE:BAC – Get Rating ) by 70.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,470 shares of the financial services provider's stock after selling 17,779 shares during the period. Granite Investment Partners LLC's holdings in Bank of America were worth $247,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BAC.

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