Bank of America Corp (NYSE:BAC) has reported a series of transactions involving BNY Mellon (NYSE:BK) Municipal Income, Inc. (NYSE:DMF) shares, according to a recent SEC filing. The stock, which has gained over 16% year-to-date and maintains a relatively low volatility with a beta of 0.56, has seen both purchases and sales of its common stock.
The report details that Bank of America executed sales totaling $30,440, with prices ranging from $6.29 to $8.75 per share. These sales were conducted through its subsidiaries, Merrill Lynch, Pierce, Fenner & Smith Inc., and BofA Securities, Inc.
In addition to the sales, the filing also notes purchases made by Bank of America, amounting to $30,223, with prices between $6.2996 and $8.77 per share.
The transactions reflect the bank's ongoing management of its holdings in BNY Mellon Municipal Income, Inc., as part of its broader investment strategy.
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