BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Shares Up 0.3% – Here’s Why

Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) rose 0.3% on Wednesday . The stock traded as high as $10.99 and last traded at $10.97. Approximately 10,931 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 67,405 shares. The stock had previously closed at $10.94.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.5 %

The business has a fifty day simple moving average of $10.87 and a 200-day simple moving average of $10.78.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be issued a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Wednesday, December 18th.

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Large investors have recently made changes to their positions in the business. Avior Wealth Management LLC increased its position in BNY Mellon Municipal Bond Infrastructure Fund by 104.7% during the 3rd 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. bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the third quarter valued at $223,000. Blue Bell Private Wealth Management LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth about $249,000. B. Riley Wealth Advisors Inc. grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 44.2% during 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 bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter valued at about $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.