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Bank of America sells $12,621 in PIMCO Municipal Income Fund stock

Published 26/02/2025, 20:08
Bank of America sells $12,621 in PIMCO Municipal Income Fund stock
PMF
0.52%

Bank of America Corp (NYSE:BAC) and its subsidiary Merrill Lynch, Pierce, Fenner & Smith Inc. have disclosed a series of transactions involving PIMCO Municipal Income Fund (NYSE:PMF) shares. The transactions took place on February 24, 2025, according to a recent SEC filing.

The financial institutions sold a total of 1,087 shares at a price of $9.10 each, resulting in a total sale value of approximately $12,621. Additionally, they acquired 1,387 shares at a price of $9.08 per share, totaling around $12,593. The fund, with a market capitalization of $242 million, currently offers a substantial dividend yield of 5.48%.

These transactions reflect Bank of America’s ongoing management of its investment portfolio, with both acquisitions and sales taking place in the same trading session. For investors interested in portfolio management strategies and additional insights, InvestingPro offers comprehensive analysis tools and real-time market data.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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