BANK OF AMERICA CORP /DE/ 4
4 · Invesco Advantage Municipal Income Trust II · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
VKI: Bank of America (10% Owner) Buys and Sells 3,359 Shares
What Happened
- Bank of America Corporation (reported jointly with Merrill Lynch), listed as a 10% owner, executed both a purchase and a sale in Invesco Advantage Municipal Income Trust II (ticker: VKI). On 2026-04-02 the Reporting Persons purchased 3,359 shares at $8.68 ($29,156) and on the same date sold 3,359 shares at $8.68 ($29,156). The transactions are reported as an open market or private purchase (P) and an open market or private sale (S).
Key Details
- Transaction date: 2026-04-02; Report filed: 2026-04-06 (filed within the required Form 4 window).
- Prices and amounts: 3,359 shares bought at $8.68 ($29,156) and 3,359 shares sold at $8.68 ($29,156).
- Net effect: No net change in the number of shares reported (equal shares bought and sold).
- Shares owned after transaction: Not specified in the provided filing details.
- Notable footnotes:
- F1: Joint filing by Bank of America and Merrill Lynch; BAC states it holds an indirect interest via 100% ownership of Merrill and disclaims beneficial ownership except to the extent of any pecuniary interest.
- F2: Reporting Persons disclaim membership in any group under Section 13(d).
- F3: Without conceding >10% owner status or Section 16 applicability, any short‑swing profit potentially recoverable under Section 16(b) would be remitted to the issuer if applicable.
Context
- The identical buy and sell (same shares and price) result in no net reported position change. Because the reporting parties are a large financial institution and its broker affiliate, this filing reflects institutional trading activity and related reporting requirements rather than an individual executive's personal trade. The filing appears timely under Form 4 rules.
Insider Transaction Report
Form 4
BANK OF AMERICA CORP /DE/
10% Owner
Transactions
- Purchase
Common Stock
[F1][F2][F3]2026-04-02$8.68/sh+3,359$29,156→ 3,359 total(indirect: See Footnotes) - Sale
Common Stock
[F1][F2][F3]2026-04-02$8.68/sh−3,359$29,156→ 0 total(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.