Financial institution of America Corp. (NYSE:BAC) disclosed in an SEC submitting that it offered shares of Nuveen High quality Municipal Revenue Fund (NYSE:NAD) on December 3, 2024. The sale concerned 75 shares at a worth of $12.341 per share, amounting to a complete transaction worth of $925. The transaction occurred close to NAD’s 52-week excessive of $12.47, with the fund at present providing a considerable 7.36% dividend yield. Following the transaction, Financial institution of America not holds any shares within the fund. In response to InvestingPro, NAD has maintained dividend funds for 26 consecutive years.
Moreover, Financial institution of America bought 75 shares of the identical inventory at $12.325 per share, totaling $924. These transactions had been made by means of its subsidiary, Merrill Lynch, Pierce, Fenner & Smith Inc. The businesses are analyzing additional buying and selling actions and anticipate submitting further studies as crucial.
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