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Bank of America and Merrill Lynch sell $220,179 in PIMCO municipal income fund stock

Published 25/02/2025, 20:06
Bank of America and Merrill Lynch sell $220,179 in PIMCO municipal income fund stock
PMF
0.52%

Bank of America Corp (NYSE:BAC) and its subsidiary, Merrill Lynch, Pierce, Fenner & Smith Inc., recently sold shares of PIMCO Municipal Income Fund (NYSE:PMF) amounting to $220,179. The transactions, which took place on February 21, 2025, involved selling a total of 24,110 shares at prices ranging from $9.13 to $9.15 per share.

In addition to the sales, the entities also reported multiple purchases of PIMCO Municipal Income Fund stock, totaling $217,472. These acquisitions were made at a consistent price of $9.02 per share, reflecting a strategic move by the financial institutions.

The joint filing by Bank of America and Merrill Lynch highlights their significant involvement in the fund, showcasing their active management and investment strategies in the municipal income sector.

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