Bank of America Corp (NYSE:BAC) has disclosed a series of stock transactions involving BNY Mellon (NYSE:BK) Strategic Municipals, Inc. (NYSE:LEO), according to a recent SEC filing. The transactions include both purchases and sales of common stock. LEO, currently trading at $6.27 with a market capitalization of $391 million, has maintained dividend payments for 38 consecutive years, offering investors a 3.58% dividend yield. InvestingPro analysis reveals the stock typically trades with low price volatility, with a beta of 0.58.
The report reveals that Bank of America executed sales amounting to a total of $89,247, with prices ranging from $6.77 to $9.342 per share. These transactions reflect the ongoing adjustments in its holdings of BNY Mellon Strategic Municipals.
In addition to the sales, the filing also indicates that Bank of America made purchases totaling $89,491, with the price per share ranging from $6.7999 to $9.37. These transactions are part of the bank's broader strategy involving its investments in BNY Mellon Strategic Municipals.
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