The sale cut Berkshire’s holding from 14.2% to 9.6%, bringing it below the 10% regulatory threshold.
VeriSign, which received no proceeds from the sale, noted that Berkshire may sell another 515,000 shares to meet investor demand.
Despite adding to its position as recently as January, Berkshire has now trimmed a long-held stake dating back to 2012.
The move comes as the company ended March with a record $347.7 billion in cash and remained a net seller of equities for 10 consecutive quarters.
Info comes via Reuters.
This article was written by Eamonn Sheridan at investinglive.com.
