Bank of America Corp DE established a new position in TechnipFMC plc during the second quarter.
The financial institution purchased more than 3.4 million shares of the oil and gas services company.
The transaction holds a market value of approximately $226.07 million.
Bank of America now owns roughly 0.87% of TechnipFMC.
This large-scale institutional investment signals a bullish outlook for the company's future stock performance.