Form 4: Bank of America Reports Nuveen Fund Transactions

Bank of America Corporation and its subsidiary Merrill Lynch reported transactions involving Nuveen Municipal Credit Opportunities Fund securities.

Summary

• Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated (collectively, the 'Reporting Persons') have jointly filed a Form 4 statement.
• The filing details transactions related to Nuveen Municipal Credit Opportunities Fund (NMCO).
• On May 18, 2026, 1,000 shares of Common Stock were acquired at a price of $10.61 per share.
• On May 19, 2026, 1,000 shares of Common Stock were disposed of at a price of $10.53 per share.
• Following these transactions, the Reporting Persons hold 0 shares of Common Stock directly.
• The filing includes a joint filing agreement, indicating coordinated reporting between Bank of America Corporation and Merrill Lynch.
• Both entities disclaim beneficial ownership beyond their pecuniary interest and deny acting as a group for acquiring, holding, or disposing of securities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine transactions without significant strategic or financial implications.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which primarily reports past transactions.

Management Comments

• 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.
• 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.
• 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.

Industry Context

StockSavvy.ai notes that this filing is a routine Form 4, indicating insider transactions. Such filings are standard for publicly traded companies and provide transparency into the trading activities of directors and significant shareholders.

Key Dates

Keywords

Form 4, SEC Filing, Bank of America, Merrill Lynch, Nuveen Municipal Credit Opportunities Fund, NMCO, Securities Transaction, Beneficial Ownership