BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading Up 0.9% – Still a Buy?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s share price was up 0.9% during trading on Friday . The company traded as high as $11.04 and last traded at $11.03. Approximately 12,445 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 67,733 shares. The stock had previously closed at $10.93.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.9 %

The company has a 50 day moving average price of $10.89 and a two-hundred day moving average price of $10.73.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be given a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Wednesday, November 20th.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors have recently made changes to their positions in DMB. Allspring Global Investments Holdings LLC purchased a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth approximately $5,513,000. Almitas Capital LLC purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth $464,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth $249,000. B. Riley Wealth Advisors Inc. lifted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 44.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock valued at $270,000 after acquiring an additional 7,800 shares during the period. Finally, Matisse Capital lifted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 7.7% in the second quarter. Matisse Capital now owns 371,400 shares of the company’s stock valued at $3,929,000 after acquiring an additional 26,417 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Company 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.