BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Shares Up 1.3% – What’s Next?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s stock price shot up 1.3% during trading on Monday . The stock traded as high as $10.98 and last traded at $10.94. 64,672 shares traded hands during trading, a decline of 5% from the average session volume of 67,803 shares. The stock had previously closed at $10.80.

BNY Mellon Municipal Bond Infrastructure Fund Trading Up 0.1 %

The stock’s 50-day simple moving average is $10.92 and its 200-day simple moving average is $10.72.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Avior Wealth Management LLC increased its position in BNY Mellon Municipal Bond Infrastructure Fund by 104.7% during the 3rd quarter. Avior Wealth Management LLC now owns 5,878 shares of the company’s stock valued at $66,000 after buying an additional 3,007 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the third quarter worth $223,000. Blue Bell Private Wealth Management LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the second quarter valued at $249,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 44.2% during the second quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock valued at $270,000 after acquiring an additional 7,800 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter worth about $289,000.

BNY Mellon Municipal Bond Infrastructure Fund Company 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.