Bullish indicating open at $55-$60, IPO prices at $37
Bank of America Corp. (NYSE:BAC), through its subsidiary Merrill Lynch, Pierce, Fenner & Smith Inc., recently reported a significant transaction involving Nuveen New York Quality Municipal Income Fund (NYSE:NAN). On February 4, the financial institution sold 1,900 shares of the fund’s common stock at a price of $11.46 per share, totaling approximately $21,774. This follows a prior acquisition of the same amount of shares at $11.47 per share, indicating a strategic move within the company’s investment portfolio. The transactions were disclosed in a joint filing by Bank of America and Merrill Lynch, emphasizing their continued presence in the municipal income fund market. According to InvestingPro, NAN has maintained dividend payments for 27 consecutive years, making it a notable income-focused investment vehicle. Discover more dividend insights and financial metrics with InvestingPro’s comprehensive analysis tools.
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