BANK OF America Corp. /de/, 10% Owner at NUVEEN NEW YORK QUALITY MUNICIPAL INCOME FUND (NAN), bought 3,000 shares at $11.28 ($34K) on 2026-05-19, disclosed to the SEC on 2026-05-21.
Bank of America Corp. purchased 3,000 shares of Nuveen New York Quality Municipal Income Fund for $33,840, marking the largest insider purchase in the company's history. This significant buyback by a major shareholder suggests confidence in the fund's valuation, particularly given its high dividend yield.
The fund is trading near the bottom of its 52-week range, currently 3.68% below the high of $11.67 and 4.17% above the low of $10.79, with shares down 2.52% over the past five days.
The largest insider purchase in the fund's history serves as a primary catalyst, signaling potential value at current levels. Additionally, the 12.66% industry buy rate over the last 90 days suggests broader institutional support for municipal income funds.
The fund trades at a high P/E of 31.58, which may limit capital appreciation potential if the high dividend yield compresses or if interest rates rise.
Nothing distinguishes this filing.
| Filing → |
| MUNEX | SELL | 2026-08-12 | $78K | — | Filing → |
| MUNEX | BUY | 2026-08-12 | $78K | — | Filing → |
| NMZ | SELL | 2026-08-06 | $31 | — | Filing → |