BNY Mellon Municipal Bond Infrastructure Fund, Inc. $DMB Shares Sold by Ackerman Capital Advisors LLC

Ackerman Capital Advisors LLC decreased its position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 16.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,299 shares of the company’s stock after selling 26,633 shares during the quarter. Ackerman Capital Advisors LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $1,424,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DMB. Almitas Capital LLC raised its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 62.6% during the first quarter. Almitas Capital LLC now owns 103,475 shares of the company’s stock worth $1,094,000 after purchasing an additional 39,821 shares in the last quarter. Riverbridge Partners LLC raised its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 23.5% during the first quarter. Riverbridge Partners LLC now owns 161,528 shares of the company’s stock worth $1,707,000 after purchasing an additional 30,745 shares in the last quarter. Plancorp LLC acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth approximately $102,000. HighTower Advisors LLC raised its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 27.9% during the first quarter. HighTower Advisors LLC now owns 39,651 shares of the company’s stock worth $419,000 after purchasing an additional 8,657 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in 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 worth $1,388,000 after purchasing an additional 3,894 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

DMB stock opened at $10.64 on Friday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a twelve month low of $9.58 and a twelve month high of $11.07. The company’s 50 day moving average is $10.31 and its two-hundred day moving average is $10.17.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 17th will be issued a $0.038 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, October 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.