PCQ: 10% owner Bank of America traded 2,000 shares

What happened Bank of America Corporation, reported as a 10% owner, executed both purchases and sales of PIMCO California municipal income fund (PCQ) shares on Oct 12, 2026. The filing shows a purchase of 2,000 shares at $8.04 for $16,080 and three sales totaling 2,000 shares: 800 shares at $7.78 for $6,220, 1,000 shares at $7.76 for $7,764, and 200 shares at $7.78 for $1,555.

Key details

• Transaction date: Oct 12, 2026. Purchase price: $8.04. Sale prices: $7.78 and $7.76.
• Shares owned after the transaction: not disclosed in the provided filing details.
• Footnotes: F1 notes the statement is jointly filed by Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated, with Bank of America holding an indirect interest via its 100% ownership of Merrill Lynch; F2 includes a group/partnership disclaimer; F3 states any profit potentially recoverable under Section 16(b), if applicable, has been or will be remitted to the issuer.
• Filing date: Oct 13, 2026; transaction date: Oct 12, 2026 — the filing appears timely.

Why it may matter

• The report is from a 10% owner, indicating a large holder rather than an executive or officer.
• The filing records both an open-market purchase and open-market sales on the same date; it does not report option exercises, gifts, awards, or tax withholding related to these transactions.
• This filing does not show why the insider traded or why the company acted.