BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading Up 0.3% – Still a Buy?

Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMBGet Free Report) traded up 0.3% on Wednesday . The stock traded as high as $10.58 and last traded at $10.54. Approximately 52,442 shares changed hands during trading, a decline of 7% from the average daily volume of 56,133 shares. The stock had previously closed at $10.51.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

The stock has a 50-day moving average of $10.80 and a 200-day moving average of $10.86.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a c) annualized dividend and a yield of 5.7%.

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of large investors have recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter valued at about $55,000. Kestra Advisory Services LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter worth approximately $72,000. Triumph Capital Management acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the third quarter worth approximately $78,000. Nomura Holdings Inc. bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at approximately $102,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the first quarter valued at approximately $125,000.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

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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.

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