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Bank of America Corp. (NYSE:BAC) and its subsidiary Merrill Lynch, Pierce, Fenner & Smith Inc. reported a recent transaction involving the Nuveen Quality Municipal Income Fund (NYSE:NAD). According to the SEC Form 4 filing, the companies sold 800 shares of the fund at an average price of $11.66 per share, totaling $9,328. This transaction was recorded on January 15, 2025.
Additionally, the companies acquired 800 shares at an average price of $11.71 per share, totaling $9,368, on the same date. Following these transactions, the firms no longer hold any shares of the Nuveen Quality Municipal Income Fund, which has maintained dividend payments for 27 consecutive years and demonstrates strong liquidity with a current ratio of 1.65. The transactions were filed jointly by Bank of America and Merrill Lynch, reflecting their shared interest in the securities. For detailed dividend analysis and additional insights, InvestingPro subscribers can access 6 more key tips about NAD's financial performance.
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