BANK OF AMERICA CORP /DE/ purchased $77K of PNI (indirect holdings)
BANK OF AMERICA CORP /DE/ purchased 12,170 indirectly-held shares of PIMCO NEW YORK MUNICIPAL INCOME FUND II (PNI) at $6.33 on 2026-10-21. Filed jointly with MERRILL LYNCH, PIERCE, FENNER & SMITH INC. (10% owner).
How this was made
The 30-second read
Why it matters
The transaction size ($77K) is negligible for market impact; no price movement expected.
Market read
Minimal relevance; the filing is a routine insider purchase with no material effect on the fund's price.
What to watch
Potentially reflects routine portfolio rebalancing rather than a strategic shift.
Background
SEC Form 4 filing shows Bank of America Corp purchased a small stake in PIMCO New York Municipal Income Fund II.
Market effects
none
none
none
Counterpoint
The purchase is too small to affect market perception of the fund.
Key entities
- institutionBank of America Corp
Reporter of the insider transaction.
- fundPIMCO New York Municipal Income Fund II
Issuer of the shares purchased.