BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Shares Down 0.1% – Here’s Why

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) shares traded down 0.1% during mid-day trading on Friday . The stock traded as low as $10.77 and last traded at $10.81. 20,958 shares were traded during mid-day trading, a decline of 69% from the average session volume of 67,454 shares. The stock had previously closed at $10.82.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

The business has a fifty day moving average price of $10.93 and a 200 day moving average price of $10.71.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be paid a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Wednesday, November 20th.

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Several hedge funds have recently made changes to their positions in DMB. Ackerman Capital Advisors LLC grew its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 0.9% in the 2nd quarter. Ackerman Capital Advisors LLC now owns 136,762 shares of the company’s stock valued at $1,447,000 after acquiring an additional 1,234 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at $5,513,000. Pine Valley Investments Ltd Liability Co increased its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 6.3% during the second quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock worth $360,000 after buying an additional 2,000 shares during the last quarter. Matisse Capital raised its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 7.7% in the 2nd quarter. Matisse Capital now owns 371,400 shares of the company’s stock valued at $3,929,000 after purchasing an additional 26,417 shares during the period. Finally, Blue Bell Private Wealth Management LLC acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter valued at about $249,000.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in the tax-exempt investment grade debt obligations issued by or on behalf of states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies or authorities, and certain other specified securities.