BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Shares Sold by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC reduced its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 53.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,669 shares of the company’s stock after selling 4,157 shares during the quarter. JFS Wealth Advisors LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $41,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DMB. Allspring Global Investments Holdings LLC purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter worth about $5,513,000. Almitas Capital LLC purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter worth about $464,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter worth about $249,000. B. Riley Wealth Advisors Inc. boosted its stake 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 worth $270,000 after acquiring an additional 7,800 shares in the last quarter. Finally, Matisse Capital boosted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 7.7% during the 2nd 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.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

DMB stock opened at $10.67 on Friday. The company’s 50-day simple moving average is $10.99 and its 200-day simple moving average is $10.64. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 52-week low of $9.22 and a 52-week high of $11.27.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Friday, October 18th.

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.