BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading Up 0.1% – Here’s What Happened

Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) traded up 0.1% on Wednesday . The stock traded as high as $11.07 and last traded at $11.06. 10,615 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 67,658 shares. The stock had previously closed at $11.05.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

The stock has a fifty day moving average price of $10.89 and a 200-day moving average price of $10.75.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 2nd. Investors of record on Wednesday, November 20th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.36 dividend on an annualized basis and a yield of 3.26%.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of hedge funds have recently added to or reduced their stakes in DMB. Avior Wealth Management LLC increased its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 104.7% in the third quarter. Avior Wealth Management LLC now owns 5,878 shares of the company’s stock valued at $66,000 after buying an additional 3,007 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter worth approximately $223,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter valued at $249,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 44.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock valued at $270,000 after purchasing an additional 7,800 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter valued at $289,000.

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.