BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading Up 0.1% – Here’s What Happened

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) shot up 0.1% on Thursday . The company traded as high as $10.68 and last traded at $10.65. 20,575 shares were traded during trading, a decline of 69% from the average session volume of 66,384 shares. The stock had previously closed at $10.64.

BNY Mellon Municipal Bond Infrastructure Fund Trading Up 2.0 %

The firm has a fifty day simple moving average of $10.94 and a 200-day simple moving average of $10.71.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Wednesday, November 20th.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

Several institutional investors and hedge funds have recently made changes to their positions in DMB. Avior Wealth Management LLC increased its position 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 valued at $66,000 after buying an additional 3,007 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter valued at $223,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter valued at $249,000. B. Riley Wealth Advisors Inc. increased its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 44.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock valued at $270,000 after buying an additional 7,800 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter valued at $289,000.

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.