Sit Investment Associates Inc. Invests $2.78 Million in BNY Mellon Municipal Bond Infrastructure Fund, Inc. $DMB

Sit Investment Associates Inc. bought 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 and Exchange Commission (SEC). The fund bought 253,324 shares of the company’s stock, valued at approximately $2,784,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Pathstone Holdings LLC increased its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 33.9% during the 3rd quarter. Pathstone Holdings LLC now owns 1,331,675 shares of the company’s stock valued at $14,249,000 after purchasing an additional 337,294 shares in the last quarter. Saba Capital Management L.P. raised its position in BNY Mellon Municipal Bond Infrastructure Fund by 25.3% in the 4th quarter. Saba Capital Management L.P. now owns 1,565,016 shares of the company’s stock valued at $17,200,000 after purchasing an additional 315,971 shares during the last quarter. Bulldog Investors LLP boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 91.7% in the third quarter. Bulldog Investors LLP now owns 331,979 shares of the company’s stock worth $3,552,000 after purchasing an additional 158,768 shares in the last quarter. Riverbridge Partners LLC boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 65.3% in the fourth quarter. Riverbridge Partners LLC now owns 284,913 shares of the company’s stock worth $3,131,000 after purchasing an additional 112,566 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 91.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 150,878 shares of the company’s stock worth $1,658,000 after purchasing an additional 71,874 shares during the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of NYSE:DMB opened at $10.97 on Friday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a twelve month low of $9.85 and a twelve month high of $11.28. The business has a fifty day moving average of $10.92 and a 200-day moving average of $10.90.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 5.5%.

BNY Mellon Municipal Bond Infrastructure Fund Profile

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.

The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects.