BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading 0.9% Higher – Should You Buy?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) rose 0.9% 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 Performance

The firm has a fifty day simple moving average of $10.90 and a two-hundred day simple moving average of $10.73.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

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

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Large investors have recently bought and sold shares of the business. Ackerman Capital Advisors LLC raised its position in shares of 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 valued at $1,447,000 after buying an additional 1,234 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth approximately $5,513,000. Pine Valley Investments Ltd Liability Co increased its stake in BNY Mellon Municipal Bond Infrastructure Fund by 6.3% during the second quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock worth $360,000 after acquiring an additional 2,000 shares during the last quarter. Matisse Capital lifted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 7.7% in 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 during the last quarter. Finally, Blue Bell Private Wealth Management LLC purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth approximately $249,000.

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.