[Bank of America: Institutional Investors Are Buying the Dip in U.S. Stocks, While Hedge Funds and Retail Investors Choose to Sell] BlockBeats News, November 12, Bank of America stated that institutional clients made net purchases of U.S. stocks last week, with ETF inflows reaching $4.3 billion, the largest flow since December 2022, despite selling $2.6 billion worth of individual stocks during the same period. Institutional investors were the only net buyers, while hedge funds and retail investors opted to sell stocks. Sector fund flows showed a defensive trend, with outflows from the technology and communication services sectors, and inflows into the consumer staples and healthcare sectors. Bank of America noted that as corporate buyback volumes remain below seasonal levels seen in previous years, institutional investors have replaced retail investors as the primary buyers of dips this year.