Bank of America Corp. (NYSE:BAC) disclosed in an SEC filing that it sold shares of Nuveen Quality Municipal Income Fund (NYSE:NAD) on December 3, 2024. The sale involved 75 shares at a price of $12.341 per share, amounting to a total transaction value of $925. The transaction occurred near NAD's 52-week high of $12.47, with the fund currently offering a substantial 7.36% dividend yield. Following the transaction, Bank of America no longer holds any shares in the fund. According to InvestingPro, NAD has maintained dividend payments for 26 consecutive years.
Additionally, Bank of America purchased 75 shares of the same stock at $12.325 per share, totaling $924. These transactions were made through its subsidiary, Merrill Lynch, Pierce, Fenner & Smith Inc. The companies are analyzing further trading activities and anticipate filing additional reports as necessary.
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