BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Stock Price Down 0.5% – Here’s What Happened

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) was down 0.5% during mid-day trading on Tuesday . The stock traded as low as $10.66 and last traded at $10.66. Approximately 14,028 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 67,294 shares. The stock had previously closed at $10.71.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

The firm has a 50-day simple moving average of $10.85 and a 200 day simple moving average of $10.80.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently declared 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 3.41%. The ex-dividend date is Wednesday, December 18th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DMB. Ackerman Capital Advisors LLC increased its stake in BNY Mellon Municipal Bond Infrastructure Fund by 0.9% during the 2nd quarter. Ackerman Capital Advisors LLC now owns 136,762 shares of the company’s stock worth $1,447,000 after buying an additional 1,234 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth about $5,513,000. Pine Valley Investments Ltd Liability Co boosted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 6.3% in the second quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock valued at $360,000 after purchasing an additional 2,000 shares during the last quarter. Matisse Capital grew its stake in BNY Mellon Municipal Bond Infrastructure Fund by 7.7% during the 2nd quarter. Matisse Capital now owns 371,400 shares of the company’s stock valued at $3,929,000 after purchasing an additional 26,417 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC purchased a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter worth approximately $249,000.

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.