BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading Up 0.9% – Time to Buy?

Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) traded up 0.9% during trading on Friday . The company traded as high as $11.04 and last traded at $11.03. 12,445 shares traded hands during trading, a decline of 82% from the average session volume of 67,733 shares. The stock had previously closed at $10.93.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

The company’s 50-day simple moving average is $10.89 and its two-hundred day simple moving average is $10.73.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $0.36 dividend on an annualized basis and a yield of 3.26%.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

Several hedge funds have recently bought and sold shares of DMB. Rivernorth Capital Management LLC raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% in the third quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock worth $7,036,000 after buying an additional 615,934 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth approximately $5,513,000. Pathstone Holdings LLC raised its stake in BNY Mellon Municipal Bond Infrastructure Fund by 133.2% during the 3rd quarter. Pathstone Holdings LLC now owns 388,899 shares of the company’s stock worth $4,340,000 after acquiring an additional 222,114 shares during the period. Whitebox Advisors LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter valued at approximately $1,266,000. Finally, Almitas Capital LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth approximately $464,000.

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.