BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading Down 0.4% – Here’s What Happened

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was down 0.4% on Wednesday . The stock traded as low as $10.63 and last traded at $10.66. Approximately 12,213 shares were traded during trading, a decline of 82% from the average daily volume of 66,461 shares. The stock had previously closed at $10.70.

BNY Mellon Municipal Bond Infrastructure Fund Trading Up 1.7 %

The firm’s fifty day moving average price is $10.93 and its two-hundred day moving average price is $10.71.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.33%.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ackerman Capital Advisors LLC raised its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 0.9% in the 2nd quarter. Ackerman Capital Advisors LLC now owns 136,762 shares of the company’s stock worth $1,447,000 after acquiring an additional 1,234 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 6.3% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock worth $360,000 after purchasing an additional 2,000 shares in the last quarter. Avior Wealth Management LLC grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 104.7% in the 3rd quarter. Avior Wealth Management LLC now owns 5,878 shares of the company’s stock worth $66,000 after purchasing an additional 3,007 shares in the last quarter. Whitebox Advisors LLC grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 5.2% in the 3rd quarter. Whitebox Advisors LLC now owns 125,910 shares of the company’s stock worth $1,405,000 after purchasing an additional 6,269 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 44.2% during the 2nd 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.

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.