5 Best Stocks Under $50 To Buy Now

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1. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 88

Share Price as of November 28: $30.31

Bank of America Corporation (NYSE:BAC) stands as a prominent American multinational investment bank and financial services holding company, headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. Catering to a diverse clientele, including individual consumers, small and mid-sized businesses, institutional investors, large corporations, and governments globally, the bank offers a quarterly dividend of $0.24 per share, resulting in a dividend yield of 3.25% as of November 28.

By the end of Q3 2023, 88 out of the 910 hedge funds part of Insider Monkey’s database had invested in Bank of America Corporation (NYSE:BAC). Warren Buffett’s Berkshire Hathaway owned the biggest stake in the company due to its $28.2 billion investment.

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