Bank of America sells $99,670 in Nuveen Municipal Credit Income Fund shares

Published 18/03/2025, 20:50
Bank of America sells $99,670 in Nuveen Municipal Credit Income Fund shares

Bank of America Corp. (NYSE:BAC), in conjunction with its subsidiary Merrill Lynch, Pierce, Fenner & Smith Inc., reported the sale of Nuveen Municipal Credit Income Fund (NYSE:NZF) shares totaling $99,670. The transactions were disclosed in a recent SEC filing, detailing the sale of 8,100 shares at an average price of $12.305 per share.

On March 14, 2025, the financial giant executed a series of transactions involving the common stock of the Nuveen Municipal Credit Income Fund. Initially, 100 shares were sold, followed by an additional sale of 8,000 shares, both at the same price point. The fund currently trades near its 52-week low of $11.62, with a P/E ratio of 5.24.

Additionally, Bank of America acquired 8,100 shares of the fund at an average price of $12.446 per share, amounting to a total purchase value of $100,812. Following these transactions, the company maintains no remaining shares in the fund.

These transactions reflect Bank of America’s ongoing management of its investment portfolio, with the firm holding an indirect interest in the securities through its full ownership of Merrill Lynch.

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