Bank of America Corp (NYSE:BAC) has reported a series of stock transactions involving the Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV), according to a recent SEC filing. The transactions include both purchases and sales of common stock. MAV, currently trading at $8.65 with a market capitalization of $207.1 million, has maintained dividend payments for 22 consecutive years, offering investors a 4.44% yield.
The filing reveals that Bank of America, along with its subsidiaries Merrill Lynch, Pierce, Fenner & Smith Inc. and BofA Securities, Inc., executed sales totaling $120,707. The sale prices ranged from $7.74 to $16.1243 per share.
On the buying side, the company acquired shares worth $121,783, with purchase prices ranging from $7.74 to $16.1433 per share. These transactions reflect Bank of America's ongoing involvement with the fund, showcasing their active trading strategy within the market.
The report highlights the intricate financial maneuvers undertaken by the financial giant, as it continues to manage its investment portfolio in the municipal high-income sector. For deeper insights into MAV's financial metrics and additional analysis tools, investors can access more exclusive features on InvestingPro, which offers comprehensive financial health scores and investment recommendations.
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