BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Stock Price Up 0.1% – What’s Next?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s stock price traded up 0.1% on Monday . The company traded as high as $11.05 and last traded at $11.04. 17,272 shares changed hands during trading, a decline of 74% from the average session volume of 67,634 shares. The stock had previously closed at $11.03.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

The stock’s 50-day moving average price is $10.89 and its 200-day moving average price is $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. Shareholders of record on Wednesday, November 20th will be paid a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 3.26%. The ex-dividend date is Wednesday, November 20th.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rivernorth Capital Management LLC grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% in the 3rd quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock valued at $7,036,000 after buying an additional 615,934 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 5.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 549,606 shares of the company’s stock valued at $6,134,000 after acquiring an additional 28,498 shares in the last quarter. Pathstone Holdings LLC raised its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 133.2% during the third quarter. Pathstone Holdings LLC now owns 388,899 shares of the company’s stock worth $4,340,000 after purchasing an additional 222,114 shares during the period. Matisse Capital raised its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 7.7% during the second quarter. Matisse Capital now owns 371,400 shares of the company’s stock worth $3,929,000 after purchasing an additional 26,417 shares during the period. Finally, Ackerman Capital Advisors LLC lifted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 12.3% in the 3rd quarter. Ackerman Capital Advisors LLC now owns 153,597 shares of the company’s stock worth $1,714,000 after purchasing an additional 16,835 shares in the last quarter.

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.