Hennion & Walsh Asset Management Inc. Grows Position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Hennion & Walsh Asset Management Inc. raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 10.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 417,627 shares of the company’s stock after purchasing an additional 38,540 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $4,339,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Nomura Holdings Inc. acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter valued at approximately $167,000. B. Riley Wealth Advisors Inc. raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 36.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,660 shares of the company’s stock valued at $176,000 after acquiring an additional 4,670 shares during the period. Melfa Wealth Management LLC lifted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 34.7% during the 4th quarter. Melfa Wealth Management LLC now owns 19,456 shares of the company’s stock valued at $201,000 after acquiring an additional 5,016 shares in the last quarter. Samalin Investment Counsel LLC boosted its position in BNY Mellon Municipal Bond Infrastructure Fund by 34.3% during the 3rd quarter. Samalin Investment Counsel LLC now owns 20,446 shares of the company’s stock worth $203,000 after purchasing an additional 5,221 shares during the period. Finally, Pine Valley Investments Ltd Liability Co increased its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 16.7% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 31,505 shares of the company’s stock valued at $326,000 after purchasing an additional 4,500 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.5 %

NYSE:DMB traded up $0.05 during trading hours on Friday, hitting $10.58. The stock had a trading volume of 64,261 shares, compared to its average volume of 72,534. The business has a 50 day simple moving average of $10.27 and a two-hundred day simple moving average of $10.27. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 1-year low of $8.94 and a 1-year high of $11.79.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, June 20th will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Thursday, June 20th.

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.