Shaker Financial Services LLC Invests $105,000 in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Shaker Financial Services LLC acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,092 shares of the company’s stock, valued at approximately $105,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter valued at about $845,000. Invesco Ltd. bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter valued at approximately $592,000. Arlington Capital Management Inc. raised its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 14.9% in the fourth quarter. Arlington Capital Management Inc. now owns 24,089 shares of the company’s stock worth $249,000 after purchasing an additional 3,131 shares during the period. Samalin Investment Counsel LLC boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 9.9% during the fourth quarter. Samalin Investment Counsel LLC now owns 47,203 shares of the company’s stock worth $489,000 after purchasing an additional 4,250 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 19.3% in the 4th quarter. HighTower Advisors LLC now owns 30,994 shares of the company’s stock valued at $321,000 after buying an additional 5,023 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Stock Down 0.9 %

Shares of BNY Mellon Municipal Bond Infrastructure Fund stock opened at $9.82 on Tuesday. The stock’s fifty day simple moving average is $10.49 and its 200 day simple moving average is $10.60. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 12 month low of $9.58 and a 12 month high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Wednesday, April 16th.

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.