BNY Mellon Municipal Bond Infrastructure Fund, Inc. $DMB Position Raised by Riverbridge Partners LLC

Riverbridge Partners LLC raised its stake in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 4.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 167,977 shares of the company’s stock after buying an additional 6,449 shares during the quarter. Riverbridge Partners LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $1,717,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. ProVise Management Group LLC raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 3.3% during the first quarter. ProVise Management Group LLC now owns 46,276 shares of the company’s stock valued at $489,000 after purchasing an additional 1,475 shares in the last quarter. Samalin Investment Counsel LLC raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 5.5% during the first quarter. Samalin Investment Counsel LLC now owns 49,783 shares of the company’s stock valued at $526,000 after purchasing an additional 2,580 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 53.2% during the first quarter. Avior Wealth Management LLC now owns 10,735 shares of the company’s stock valued at $113,000 after purchasing an additional 3,726 shares in the last quarter. LPL Financial LLC raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 3.1% during the first quarter. LPL Financial LLC now owns 131,351 shares of the company’s stock valued at $1,388,000 after purchasing an additional 3,894 shares in the last quarter. Finally, Ackerman Capital Advisors LLC raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 2.5% during the first quarter. Ackerman Capital Advisors LLC now owns 165,932 shares of the company’s stock valued at $1,754,000 after purchasing an additional 4,040 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of NYSE DMB opened at $10.54 on Thursday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a fifty-two week low of $9.58 and a fifty-two week high of $11.26. The firm’s 50-day simple moving average is $10.15 and its 200 day simple moving average is $10.18.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th will be paid a dividend of $0.038 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, September 17th.

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.