BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Stock Price Up 0.9% – Here’s Why

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s stock price was up 0.9% during trading on Wednesday . The stock traded as high as $10.93 and last traded at $10.91. Approximately 14,020 shares changed hands during trading, a decline of 79% from the average daily volume of 67,722 shares. The stock had previously closed at $10.81.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 1.1 %

The business’s 50-day moving average is $10.90 and its two-hundred day moving average is $10.73.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.29%.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avior Wealth Management LLC grew its position in shares of 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 worth $66,000 after acquiring an additional 3,007 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund in the third quarter valued at $223,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at about $249,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of 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 buying an additional 7,800 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter valued at about $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.