2,177,724 Shares in Zimmer Biomet Holdings, Inc. $ZBH Purchased by Bank of America Corp DE

Bank of America Corp DE has acquired a new position in Zimmer Biomet Holdings, Inc. (NYSE:ZBH), purchasing over 2.1 million shares valued at approximately $187.48 million in the second quarter. This move makes Bank of America Corp DE one of several institutional investors increasing their stakes in the medical equipment provider. Despite insider stock sales and a recent dip in share price, analysts maintain a "Hold" rating for Zimmer Biomet, with the company also announcing a quarterly dividend.