5 Best Most Active Stocks to Buy Now

In this article, we will take a look at the 5 best most active stocks to buy now. To read our analysis of the recent trends, and market activity, you can go to the 13 Best Most Active Stocks to Buy Now.

5. Bank of America Corporation (NYSE:BAC)

Average 3-month Volume: 48.42 million

Number of Hedge Fund Holders: 91

Based in Charlotte, North Carolina-based, Bank of America Corporation (NYSE:BAC) is a leading financial services company offering full range of banking, investing, asset management and other financial and risk management products and services to individual consumers, small and middle-market businesses, and large corporations. It serves nearly 68 million consumer and small business clients in the United States.

On July 5, Bank of America Corporation (NYSE:BAC) announced that it plans to increase the quarterly dividend payments by 9% to $0.24 per share from Q3 2023, subject to approval from its Board of Directors. This translates to a dividend yield of 3.22% based on the share price on July 6.

According to the Insider Monkey data on 943 leading hedge funds, 91 hedge funds were long Bank of America Corporation (NYSE:BAC) shares as of Q1 2023. Warren Buffet’s Berkshire Hathaway was the largest hedge fund shareholder with ownership of 1.03 billion shares valued at $29.5 billion.