Bank of America trades Nuveen Municipal High Income
Bank of America Corporation and its subsidiary Merrill Lynch, as joint reporting persons, disclosed small, offsetting trades in NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND common stock.
Rhea-AI Filing Summary
Bank of America Corporation and its subsidiary Merrill Lynch, as joint reporting persons, disclosed small, offsetting trades in NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND common stock. On 2026-08-03 and 2026-07-31 they indirectly purchased 36 shares and sold 36 shares at per-share prices between $10.1950 and $10.3250. They describe their interest as indirect, disclaim beneficial ownership beyond any pecuniary interest, and state that any potentially recoverable short-swing profit from these trades will be remitted to the fund.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
BANK OF AMERICA CORP /DE/, MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
Role
10% Owner | 10% Owner
Bought
36 shs ($367.61)
Sold
36 shs ($369.57)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | COMMON STOCK F1, F2, F3 | 7 | $10.195 | $71.37 |
| Purchase | COMMON STOCK F1, F2, F3 | 14 | $10.2143 | $143.00 |
| Purchase | COMMON STOCK F1, F2, F3 | 10 | $10.2143 | $102.14 |
| Purchase | COMMON STOCK F1, F2, F3 | 5 | $10.22 | $51.10 |
| Sale | COMMON STOCK F1, F2, F3 | 7 | $10.3237 | $72.27 |
| Sale | COMMON STOCK F1, F2, F3 | 14 | $10.2412 | $143.38 |
| Sale | COMMON STOCK F1, F2, F3 | 10 | $10.2301 | $102.30 |
| Sale | COMMON STOCK F1, F2, F3 | 5 | $10.325 | $51.63 |
Holdings After Transaction:
COMMON STOCK — 5 shares (Indirect, See Footnotes)
Footnotes (3)
- F1. This statement is jointly filed by Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch") (collectively, the "Reporting Persons"). Bank of America Corporation holds an indirect interest in the securities listed in this Report by virtue of its 100% ownership of its subsidiary Merrill Lynch. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Securities Exchange Act of 1934 (the "Exchange Act"), or for any other purpose.
- F2. Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the Exchange Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
- F3. Without conceding its status as a greater than 10% beneficial owner or that the reported transactions are subject to disclosure under Section 16(a) of the Exchange Act or short-swing profit recovery under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that the Reporting Persons were greater than 10% beneficial owners and the transactions were subject to Section 16(b) will be remitted to the Issuer.
Key Figures
Shares purchased: 36 shares
Shares sold: 36 shares
Lowest reported trade price: $10.1950 per share
+1 more
4 metrics
Shares purchased
36 shares
Total NMZ common shares purchased indirectly across 4 transactions
Shares sold
36 shares
Total NMZ common shares sold indirectly across 4 transactions
Lowest reported trade price
$10.1950 per share
Purchase price for NMZ common stock on 2026-08-03
Highest reported trade price
$10.3250 per share
Sale price for NMZ common stock on 2026-07-31
Key Terms
pecuniary interest, Section 13(d), greater than 10% beneficial owner, short-swing profit, +1 more
5 terms
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest"
Section 13(d) regulatory
"for the purposes of Section 13(d) of the Exchange Act or any other purpose"
A Section 13(d) filing is a public disclosure required under U.S. securities law when a person or group acquires more than 5% of a company’s registered equity and may influence control. The filer must report who owns the shares, how they were acquired, and any plans or intentions for the company, so the market and other shareholders can see if a large buyer is attempting a takeover or other strategic move. Think of it like a formal announcement that someone has crossed a threshold and is showing their hand.
greater than 10% beneficial owner regulatory
"Without conceding its status as a greater than 10% beneficial owner or that the reported transactions"
short-swing profit regulatory
"amount of profit potentially recoverable by the Issuer from the reported transactions in the event... short-swing profit recovery"
Short-swing profit is any gain an insider makes from buying and selling (or selling and buying) the same company's stock or options within a six-month window; regulators treat those quick trades as presumptively improper and typically require the profits to be returned. Think of it like flipping a concert ticket for a quick markup — the law prevents insiders with privileged access from keeping those fast gains, which protects ordinary investors and promotes fair markets.
indirect interest financial
"Bank of America Corporation holds an indirect interest in the securities listed in this Report"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider trades in NMZ did Bank of America and Merrill Lynch report?
Bank of America and its subsidiary Merrill Lynch reported buying 36 NMZ common shares and selling 36 shares in small, indirect trades. The transactions occurred on 2026-08-03 and 2026-07-31 and are reported jointly by the two entities as greater-than-10% reporting persons.
How do Bank of America and Merrill Lynch characterize their ownership interest in NMZ?
Bank of America cites an indirect interest in NMZ through its 100% ownership of Merrill Lynch. Both reporting persons disclaim beneficial ownership of the securities except to the extent of any pecuniary interest and emphasize that the report does not admit beneficial ownership status.
Do Bank of America and Merrill Lynch concede greater-than-10% beneficial owner status in NMZ?
They explicitly state they are not conceding status as greater-than-10% beneficial owners for Exchange Act purposes. The report is filed jointly, but they emphasize it should not be construed as an admission regarding beneficial ownership, group status, or related obligations.
What do the NMZ reporting persons say about potential short-swing profits from these trades?
They state that any amount of profit potentially recoverable by the issuer under Section 16(b), if they were greater-than-10% beneficial owners and the trades were subject to recovery, will be remitted to the issuer from the reported transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
