Hennion & Walsh Asset Management Inc. Cuts Stock Position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Hennion & Walsh Asset Management Inc. trimmed its position in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 407,752 shares of the company’s stock after selling 3,366 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $4,220,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth approximately $223,000. HighTower Advisors LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the third quarter worth approximately $289,000. Almitas Capital LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter worth approximately $464,000. B. Riley Wealth Advisors Inc. increased its position 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, Whitebox Advisors LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter valued at $1,266,000.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 1.8 %

Shares of NYSE DMB opened at $10.46 on Thursday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 1 year low of $9.93 and a 1 year high of $11.27. The business has a 50-day moving average of $10.63 and a two-hundred day moving average of $10.78.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Tuesday, January 21st will be paid a $0.03 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $0.36 annualized dividend and a yield of 3.44%.

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.