BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Stock Price Down 0.5% – What’s Next?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s stock price dropped 0.5% on Tuesday . The company traded as low as $10.66 and last traded at $10.66. Approximately 14,028 shares traded hands during trading, a decline of 79% from the average daily volume of 67,294 shares. The stock had previously closed at $10.71.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

The stock’s 50-day moving average price is $10.85 and its 200-day moving average price is $10.80.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Wednesday, December 18th.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rivernorth Capital Management LLC boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% in the 3rd 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 during the period. Allspring Global Investments Holdings LLC raised its stake in BNY Mellon Municipal Bond Infrastructure Fund by 5.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 549,606 shares of the company’s stock valued at $6,134,000 after purchasing an additional 28,498 shares during the period. Pathstone Holdings LLC boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 133.2% in the third quarter. Pathstone Holdings LLC now owns 388,899 shares of the company’s stock worth $4,340,000 after buying an additional 222,114 shares during the period. Matisse Capital raised its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 7.7% during the second quarter. Matisse Capital now owns 371,400 shares of the company’s stock worth $3,929,000 after acquiring an additional 26,417 shares in the last quarter. Finally, Ackerman Capital Advisors LLC grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 12.3% in the third quarter. Ackerman Capital Advisors LLC now owns 153,597 shares of the company’s stock worth $1,714,000 after acquiring an additional 16,835 shares in 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.