Bank of America Corp (NYSE:BAC) disclosed in a recent filing with the SEC that it executed several transactions involving BlackRock (NYSE:BLK) MuniAssets Fund Inc. (NYSE:MUA) shares, a fund currently valued at $454 million. The transactions included both sales and purchases of common stock. According to InvestingPro data, MUA has maintained dividend payments for 32 consecutive years, offering investors a substantial 5.69% dividend yield.
The company reported sales totaling $48,297, with prices ranging from $11.7746 to $11.945 per share. Additionally, Bank of America disclosed purchases amounting to $51,083, with prices per share ranging from $11.82 to $12.0331. The stock currently trades at $11.62, showing a 16.58% total return year-to-date.
These transactions were conducted indirectly through Bank of America's subsidiaries, Merrill Lynch, Pierce, Fenner & Smith Inc., and BofA Securities, Inc. The company maintains that these filings do not imply any beneficial ownership beyond its pecuniary interest.
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