BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading Up 0.1% – Here’s What Happened

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s stock price was up 0.1% on Monday . The company traded as high as $11.03 and last traded at $11.03. Approximately 6,735 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 67,436 shares. The stock had previously closed at $11.02.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

The stock has a 50 day moving average price of $10.87 and a two-hundred day moving average price of $10.78.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.29%.

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC boosted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 104.7% during the third quarter. Avior Wealth Management LLC now owns 5,878 shares of the company’s stock worth $66,000 after buying an additional 3,007 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the third quarter worth about $223,000. Blue Bell Private Wealth Management LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth about $249,000. B. Riley Wealth Advisors Inc. boosted its holdings in 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 worth $270,000 after buying an additional 7,800 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the third 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.