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Bank of america sells $72 in Pimco Municipal Income Fund stock

Published 28/02/2025, 20:38
Bank of america sells $72 in Pimco Municipal Income Fund stock
PMF
0.52%

Bank of America Corp (NYSE:BAC), acting through its subsidiary Merrill Lynch, Pierce, Fenner & Smith Inc., disclosed a recent transaction involving the sale of shares in the PIMCO Municipal Income Fund (NYSE:PMF). According to the SEC filing, the financial giant sold 8 shares at a price of approximately $9.0555 each, totaling $72. This sale follows a smaller purchase of 8 shares at $9.185 per share, totaling $73. After these transactions, Bank of America no longer holds any shares in the fund. Both entities are considered more than ten percent owners of the issuer. InvestingPro analysis reveals the fund generally trades with low price volatility and maintains strong liquidity, with current assets exceeding short-term obligations. Subscribers can access 3 additional ProTips and comprehensive financial metrics for PMF.

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