BofA (10% owner) bought 103 shares at $15.10 on 1/5, sold all 103 at $15.13 on 1/6 in NMS fund—minimal gain on tiny volume
Bank of America filed 2 separate purchases totaling 103 shares for $1,555.59 on January 5, 2022, then liquidated the entire position with 1 sale of 103 shares for $1,558.39 on January 6. The spread between the average purchase price ($15.10) and sale price ($15.13) yielded only $2.80 profit on a $1.6K position—consistent with rebalancing or technical execution rather than a conviction-driven position. The current price of $13.01 sits 4.5% below the 52-week high of $13.62, and the insider holds zero shares post-transaction. Across the insider's broader open-market history, 12 prior buys and 8 prior sells provide limited directional signal on this micro-transaction in a municipal income fund.