BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Shares Down 0.1% – Here’s What Happened

Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) dropped 0.1% during mid-day trading on Friday . The stock traded as low as $10.77 and last traded at $10.81. Approximately 20,958 shares traded hands during trading, a decline of 69% from the average daily volume of 67,454 shares. The stock had previously closed at $10.82.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

The company’s 50-day simple moving average is $10.93 and its 200-day simple moving average is $10.71.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.36 annualized dividend and a yield of 3.33%.

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC grew its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 104.7% during the 3rd quarter. Avior Wealth Management LLC now owns 5,878 shares of the company’s stock worth $66,000 after purchasing an additional 3,007 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth $223,000. Blue Bell Private Wealth Management LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter valued at $249,000. B. Riley Wealth Advisors Inc. lifted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 44.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock valued at $270,000 after acquiring an additional 7,800 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth $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.