Bank of America Corp (NYSE:BAC), through its subsidiaries Merrill Lynch, Pierce, Fenner & Smith Inc. and BofA Securities, Inc., has filed a Form 4 report detailing recent transactions involving the Pioneer Municipal High Income Fund, Inc. (NYSE:MHI). On June 5, 2023, Bank of America sold shares totaling $5,275, with the sale prices ranging from $8.39 to $8.415 per share.
The transactions included multiple sales of common stock, resulting in a reduction of shares owned by Bank of America. Concurrently, the company also acquired shares valued at $5,256, priced at $8.37 per share. These transactions reflect Bank of America's ongoing portfolio management activities. With a beta of 0.67 and strong liquidity metrics, InvestingPro analysis reveals MHI typically trades with low volatility, making it an interesting choice for stability-focused investors.
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