BNY Mellon Municipal Income, Inc. (NYSE:DMF) Stock Holdings Decreased by ProVise Management Group LLC

ProVise Management Group LLC decreased its stake in shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,858 shares of the company’s stock after selling 3,625 shares during the period. ProVise Management Group LLC’s holdings in BNY Mellon Municipal Income were worth $149,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp raised its stake in BNY Mellon Municipal Income by 13.7% during the fourth quarter. Van ECK Associates Corp now owns 157,398 shares of the company’s stock valued at $1,023,000 after buying an additional 18,905 shares in the last quarter. Wolverine Asset Management LLC grew its position in shares of BNY Mellon Municipal Income by 503.0% in the 4th quarter. Wolverine Asset Management LLC now owns 18,151 shares of the company’s stock worth $118,000 after acquiring an additional 15,141 shares in the last quarter. Blue Bell Private Wealth Management LLC bought a new stake in shares of BNY Mellon Municipal Income in the 4th quarter valued at approximately $34,000. Capital Investment Advisors LLC lifted its stake in BNY Mellon Municipal Income by 2.4% during the fourth quarter. Capital Investment Advisors LLC now owns 165,100 shares of the company’s stock worth $1,073,000 after purchasing an additional 3,810 shares during the last quarter. Finally, Almitas Capital LLC lifted its stake in BNY Mellon Municipal Income by 132.7% during the third quarter. Almitas Capital LLC now owns 342,744 shares of the company’s stock worth $1,943,000 after purchasing an additional 195,473 shares during the last quarter.

BNY Mellon Municipal Income Stock Performance

BNY Mellon Municipal Income stock traded up $0.03 during mid-day trading on Friday, reaching $6.84. The company’s stock had a trading volume of 20,974 shares, compared to its average volume of 49,065. The business has a 50 day moving average price of $6.73 and a 200-day moving average price of $6.56. BNY Mellon Municipal Income, Inc. has a twelve month low of $5.37 and a twelve month high of $6.92.

BNY Mellon Municipal Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.019 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Friday, June 14th. This is an increase from BNY Mellon Municipal Income’s previous monthly dividend of $0.02.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. bought 20,410 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were bought at an average cost of $6.75 per share, for a total transaction of $137,767.50. Following the completion of the purchase, the insider now owns 2,377,018 shares of the company’s stock, valued at approximately $16,044,871.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

BNY Mellon Municipal Income Profile

BNY Mellon Municipal Income, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations that are rated investment grade and have maturities of less than one year.