Arlington Capital Management Inc. Raises Holdings in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Arlington Capital Management Inc. grew its position in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 14.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,089 shares of the company’s stock after acquiring an additional 3,131 shares during the quarter. Arlington Capital Management Inc.’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DMB. Samalin Investment Counsel LLC raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 9.9% in the 4th quarter. Samalin Investment Counsel LLC now owns 47,203 shares of the company’s stock valued at $489,000 after acquiring an additional 4,250 shares during the period. HighTower Advisors LLC lifted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 19.3% during the fourth quarter. HighTower Advisors LLC now owns 30,994 shares of the company’s stock worth $321,000 after purchasing an additional 5,023 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 38.9% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 56,332 shares of the company’s stock worth $583,000 after buying an additional 15,785 shares during the period. Raymond James Financial Inc. purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter worth approximately $845,000. Finally, Ackerman Capital Advisors LLC boosted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 5.4% in the fourth quarter. Ackerman Capital Advisors LLC now owns 161,892 shares of the company’s stock valued at $1,676,000 after purchasing an additional 8,295 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

NYSE:DMB opened at $10.67 on Wednesday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 1-year low of $9.93 and a 1-year high of $11.28. The firm has a 50-day moving average of $10.62 and a two-hundred day moving average of $10.74.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Tuesday, March 18th.

BNY Mellon Municipal Bond Infrastructure Fund 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.