BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Stock Price Up 0.1% – What’s Next?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s share price rose 0.1% on Monday . The company traded as high as $11.03 and last traded at $11.03. Approximately 6,735 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 67,436 shares. The stock had previously closed at $11.02.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 0.7 %

The business’s fifty day moving average price is $10.88 and its 200-day moving average price is $10.77.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Wednesday, December 18th.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rivernorth Capital Management LLC raised its holdings 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 valued at $7,036,000 after purchasing an additional 615,934 shares during the last quarter. Whitebox Advisors LLC increased its stake 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. HighTower Advisors LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth approximately $289,000. Rockefeller Capital Management L.P. purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter worth approximately $223,000. Finally, Avior Wealth Management LLC boosted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 104.7% in the 3rd 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 during 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.