BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading 0.1% Higher After Dividend Announcement

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s stock price was up 0.1% during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $11.07 and last traded at $11.06. Approximately 10,615 shares changed hands during trading, a decline of 84% from the average daily 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. Investors of record on Wednesday, December 18th will be paid a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Wednesday, December 18th.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DMB. Rivernorth Capital Management LLC raised its stake in BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% during the third quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock valued at $7,036,000 after purchasing an additional 615,934 shares in the last quarter. Whitebox Advisors LLC lifted its holdings in shares of 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 valued at $1,405,000 after acquiring an additional 6,269 shares during the last quarter. HighTower Advisors LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the third quarter worth about $289,000. Rockefeller Capital Management L.P. purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the third quarter valued at $223,000. Finally, Avior Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 3,007 shares during the last quarter.

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.