Bank of America unit trades VKI shares at $8.68
Bank of America Corporation and its subsidiary Merrill Lynch, Pierce, Fenner & Smith Incorporated reported same-day trades in Invesco Advantage Municipal Income Trust II common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Bank of America Corporation and its subsidiary Merrill Lynch, Pierce, Fenner & Smith Incorporated reported same-day trades in Invesco Advantage Municipal Income Trust II common stock. On April 2, 2026, an entity they report acquired 3,359 shares in an open-market purchase at $8.68 per share and then sold 3,359 shares in an open-market sale at the same price, leaving zero shares indirectly held from these transactions. The reporting parties state they disclaim beneficial ownership except to the extent of any pecuniary interest and note that any profit potentially recoverable under Section 16(b) will be remitted to the issuer.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BANK OF AMERICA CORP /DE/, MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
Role
10% Owner | 10% Owner
Bought
3,359 shs ($29K)
Sold
3,359 shs ($29K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 3,359 | $8.68 | $29K |
| Sale | Common Stock | 3,359 | $8.68 | $29K |
Holdings After Transaction:
Common Stock — 0 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
Open-market purchase: 3,359 shares at $8.68
Open-market sale: 3,359 shares at $8.68
Shares after transactions: 0 shares
+1 more
4 metrics
Open-market purchase
3,359 shares at $8.68
Common Stock bought on April 2, 2026
Open-market sale
3,359 shares at $8.68
Common Stock sold on April 2, 2026
Shares after transactions
0 shares
Indirect VKI holdings following April 2, 2026 sale
Net shares traded
0 shares
Net of matched buy and sell reported in Form 4
Key Terms
beneficial ownership, pecuniary interest, greater than 10% beneficial owner, Section 16(b), +1 more
5 terms
beneficial ownership financial
"Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein"
greater than 10% beneficial owner financial
"Without conceding its status as a greater than 10% beneficial owner or that the reported transactions are subject to disclosure"
Section 16(b) financial
"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"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Section 13(d) financial
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Bank of America report for VKI?
Bank of America Corporation and Merrill Lynch reported an entity associated with them bought 3,359 VKI common shares and sold 3,359 shares on April 2, 2026, both as open-market trades at $8.68 per share, resulting in no remaining indirect holdings from these transactions.
Who are the reporting persons in this VKI Form 4 filing?
The reporting persons are Bank of America Corporation and its wholly owned subsidiary Merrill Lynch, Pierce, Fenner & Smith Incorporated. They jointly filed the statement and describe themselves collectively as the “Reporting Persons” for purposes of disclosing these VKI common stock transactions.
What do the reporting persons say about potential Section 16(b) short-swing profits on VKI?
Without conceding they are greater than 10% beneficial owners or that the trades are subject to Section 16(b), the reporting persons state that any profit potentially recoverable by the issuer from the reported transactions under Section 16(b) will be remitted to Invesco Advantage Municipal Income Trust II.
Are Bank of America and Merrill Lynch acting as a group regarding VKI securities?
The filing states that neither the joint filing nor its contents should be construed as an admission that the reporting persons are acting as a partnership, syndicate, or other group for acquiring, holding, or disposing of VKI securities, or that they are members of any such group under Section 13(d).
AI-generated analysis. How Rhea-AI works. Not financial advice.
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