BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Stock Price Up 0.9% – What’s Next?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) rose 0.9% during trading on Friday . The stock traded as high as $11.04 and last traded at $11.03. Approximately 12,445 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 67,733 shares. The stock had previously closed at $10.93.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.9 %

The business has a fifty day moving average of $10.89 and a 200 day moving average of $10.74.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

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

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Several institutional investors and hedge funds have recently modified their holdings of DMB. Avior Wealth Management LLC raised its holdings in 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 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 in the 3rd quarter valued at approximately $223,000. Blue Bell Private Wealth Management LLC acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth approximately $249,000. B. Riley Wealth Advisors Inc. boosted its position 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 period. Finally, HighTower Advisors LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during 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.