Bank of America Corp (NYSE:BAC) has disclosed a series of transactions involving Neuberger Berman Municipal Fund Inc. (NYSE:NBH) shares, according to a recent SEC filing. NBH, known for its impressive 23-year streak of consistent dividend payments and current 6.07% dividend yield, has maintained relatively low price volatility with a beta of 0.58. On November 2, 2023, the company sold 2,000 shares at a price of $9.01 each, and on November 9, 2023, it sold 104 shares at $9.48 per share. These sales are part of a broader transaction total of $106,586, with sale prices ranging from $13.9627 to $16.7908 per share.
In addition to the sales, Bank of America also reported purchases totaling $107,166, with prices ranging from $13.98 to $17.4799 per share. These transactions reflect the company's ongoing management of its investment in Neuberger Berman, a significant player in the municipal fund sector. According to InvestingPro, NBH has demonstrated strong financial health with a current ratio of 2.37 and has delivered an 8.42% year-to-date return.
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