Ackerman Capital Advisors LLC Boosts Stake in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Ackerman Capital Advisors LLC grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 12.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 153,597 shares of the company’s stock after purchasing an additional 16,835 shares during the period. Ackerman Capital Advisors LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $1,714,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth about $5,513,000. Almitas Capital LLC acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth approximately $464,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter worth approximately $249,000. B. Riley Wealth Advisors Inc. increased its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 44.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock valued at $270,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Matisse Capital raised its position in BNY Mellon Municipal Bond Infrastructure Fund by 7.7% in the second 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.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

DMB opened at $10.68 on Friday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 52 week low of $8.94 and a 52 week high of $11.27. The business has a fifty day simple moving average of $11.00 and a 200-day simple moving average of $10.62.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Friday, October 18th.

BNY Mellon Municipal Bond Infrastructure Fund Profile

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.