BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading 0.1% Higher – What’s Next?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s share price shot up 0.1% during trading on Monday . The stock traded as high as $11.05 and last traded at $11.04. 17,272 shares changed hands during trading, a decline of 74% from the average session volume of 67,634 shares. The stock had previously closed at $11.03.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

The company has a fifty day simple moving average of $10.89 and a two-hundred day simple moving average of $10.74.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

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

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors have recently modified their holdings of the company. Avior Wealth Management LLC grew its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 104.7% during the third quarter. Avior Wealth Management LLC now owns 5,878 shares of the company’s stock worth $66,000 after buying an additional 3,007 shares in the last quarter. 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. Blue Bell Private Wealth Management LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at approximately $249,000. B. Riley Wealth Advisors Inc. boosted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 44.2% during the second quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock worth $270,000 after purchasing an additional 7,800 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund in the third quarter valued at approximately $289,000.

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.