[Bank of America: Institutional Investors Buy During U.S. Stock Market Pullback] Odaily Planet Daily News – Bank of America stated that last week institutional clients became net buyers of U.S. stocks, with ETF inflows reaching $4.3 billion, the highest level since December 2022, despite selling $2.6 billion worth of individual stocks during the same period. Institutions were the only net buying group, while hedge funds and retail investors were net sellers. Sector fund flows showed a defensive tendency: the technology and communication services sectors experienced outflows, while the consumer staples and healthcare sectors saw inflows. Bank of America noted that institutional investors have replaced retail investors this year as the primary "buy-the-dip" participants, while corporate stock buybacks remain below typical seasonal levels. (Jin10)