BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Shares Down 0.1% – Here’s Why

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s share price fell 0.1% on Friday . The stock traded as low as $10.77 and last traded at $10.81. 20,958 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 67,454 shares. The stock had previously closed at $10.82.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 0.2 %

The company’s 50-day moving average price is $10.92 and its 200-day moving average price is $10.72.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Wednesday, November 20th.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors have recently modified their holdings of DMB. Whitebox Advisors LLC raised its position in BNY Mellon Municipal Bond Infrastructure Fund by 5.2% in the 3rd quarter. Whitebox Advisors LLC now owns 125,910 shares of the company’s stock valued at $1,405,000 after buying an additional 6,269 shares during the last quarter. Rivernorth Capital Management LLC grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% during the 3rd quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock worth $7,036,000 after acquiring an additional 615,934 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the third quarter valued at approximately $289,000. Rockefeller Capital Management L.P. acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the third quarter valued at approximately $223,000. Finally, Avior Wealth Management LLC lifted its position in shares of 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 worth $66,000 after purchasing an additional 3,007 shares in the last quarter.

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.