Rothschild Investment LLC Makes New Investment in BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Rothschild Investment LLC bought a new stake in BNY Mellon Municipal Income, Inc. (NYSE:DMF) during the 2nd quarter, HoldingsChannel reports. The fund bought 112,700 shares of the company’s stock, valued at approximately $810,000.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new position in BNY Mellon Municipal Income during the 2nd quarter valued at about $373,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of BNY Mellon Municipal Income during the second quarter valued at approximately $766,000. Whitebox Advisors LLC bought a new position in shares of BNY Mellon Municipal Income during the first quarter valued at approximately $738,000. Blue Bell Private Wealth Management LLC grew its stake in shares of BNY Mellon Municipal Income by 278.6% during the first quarter. Blue Bell Private Wealth Management LLC now owns 19,727 shares of the company’s stock valued at $135,000 after buying an additional 14,517 shares during the last quarter. Finally, Opinicus Capital Inc. purchased a new stake in shares of BNY Mellon Municipal Income in the first quarter worth approximately $68,000.

BNY Mellon Municipal Income Price Performance

Shares of DMF stock opened at $7.30 on Friday. The stock has a 50 day moving average price of $7.23 and a 200 day moving average price of $6.92. BNY Mellon Municipal Income, Inc. has a 52-week low of $5.37 and a 52-week high of $7.32.

BNY Mellon Municipal Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a dividend of $0.019 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.23 annualized dividend and a dividend yield of 3.12%.

About BNY Mellon Municipal Income

BNY Mellon Municipal Income, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations that are rated investment grade and have maturities of less than one year.