BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Shares Up 0.1% – What’s Next?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s stock price traded up 0.1% on Monday . The stock traded as high as $10.77 and last traded at $10.75. 11,546 shares were traded during mid-day trading, a decline of 83% from the average session volume of 67,283 shares. The stock had previously closed at $10.74.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

The company’s 50 day moving average is $10.85 and its 200-day moving average is $10.79.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.36 annualized dividend and a dividend yield of 3.36%.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rivernorth Capital Management LLC lifted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% in the third quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock valued at $7,036,000 after purchasing an additional 615,934 shares in the last quarter. Whitebox Advisors LLC lifted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 5.2% during the 3rd quarter. Whitebox Advisors LLC now owns 125,910 shares of the company’s stock valued at $1,405,000 after acquiring an additional 6,269 shares in the last quarter. HighTower Advisors LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth $289,000. Rockefeller Capital Management L.P. bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter worth $223,000. Finally, Avior Wealth Management LLC raised its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 104.7% in the third quarter. Avior Wealth Management LLC now owns 5,878 shares of the company’s stock valued at $66,000 after purchasing an additional 3,007 shares during the last quarter.

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.