Samalin Investment Counsel LLC Purchases 4,250 Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Samalin Investment Counsel LLC lifted its position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,203 shares of the company’s stock after purchasing an additional 4,250 shares during the quarter. Samalin Investment Counsel LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $489,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DMB. Rivernorth Capital Management LLC increased 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 worth $7,036,000 after purchasing an additional 615,934 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 56.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 858,941 shares of the company’s stock worth $8,890,000 after acquiring an additional 309,335 shares in the last quarter. Pathstone Holdings LLC grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 133.2% in the third quarter. Pathstone Holdings LLC now owns 388,899 shares of the company’s stock worth $4,340,000 after acquiring an additional 222,114 shares in the last quarter. Raymond James Financial Inc. purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth about $845,000. Finally, HighTower Advisors LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the third quarter worth about $289,000.

BNY Mellon Municipal Bond Infrastructure Fund Trading Up 0.6 %

DMB opened at $10.72 on Monday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 12 month low of $9.93 and a 12 month high of $11.28. The stock has a 50-day moving average of $10.60 and a 200 day moving average of $10.74.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a $0.03 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.36 annualized dividend and a yield of 3.36%.

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.