BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Shares Up 0.1% Following Dividend Announcement

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s stock price traded up 0.1% on Wednesday after the company announced a dividend. The stock traded as high as $11.07 and last traded at $11.06. 10,615 shares were traded during trading, a decline of 84% from the average session volume of 67,658 shares. The stock had previously closed at $11.05.

The newly announced dividend which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Wednesday, December 18th.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 0.2 %

The business has a 50-day simple moving average of $10.89 and a two-hundred day simple moving average of $10.76.

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors have recently bought and sold shares of DMB. Rivernorth Capital Management LLC boosted its stake 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 valued at $7,036,000 after buying an additional 615,934 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 5.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 549,606 shares of the company’s stock worth $6,134,000 after acquiring an additional 28,498 shares during the period. Pathstone Holdings LLC grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 133.2% during the 3rd 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 during the period. Matisse Capital grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 7.7% during the 2nd quarter. Matisse Capital now owns 371,400 shares of the company’s stock worth $3,929,000 after acquiring an additional 26,417 shares during the period. Finally, Ackerman Capital Advisors LLC grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 12.3% during the 3rd quarter. Ackerman Capital Advisors LLC now owns 153,597 shares of the company’s stock worth $1,714,000 after acquiring an additional 16,835 shares during the period.

About BNY Mellon Municipal Bond Infrastructure Fund

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.