Riverbridge Partners LLC Increases Holdings in BNY Mellon Municipal Bond Infrastructure Fund, Inc. $DMB

Riverbridge Partners LLC lifted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 65.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 284,913 shares of the company’s stock after purchasing an additional 112,566 shares during the quarter. Riverbridge Partners LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $3,131,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DMB. Pathstone Holdings LLC grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 33.9% during the 3rd quarter. Pathstone Holdings LLC now owns 1,331,675 shares of the company’s stock valued at $14,249,000 after buying an additional 337,294 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 11.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 958,161 shares of the company’s stock worth $10,252,000 after buying an additional 99,220 shares in the last quarter. Bulldog Investors LLP lifted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 91.7% in the third quarter. Bulldog Investors LLP now owns 331,979 shares of the company’s stock worth $3,552,000 after buying an additional 158,768 shares in the last quarter. Guggenheim Capital LLC boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 22.1% in the second quarter. Guggenheim Capital LLC now owns 157,883 shares of the company’s stock valued at $1,614,000 after acquiring an additional 28,564 shares during the period. Finally, Van ECK Associates Corp grew its stake in BNY Mellon Municipal Bond Infrastructure Fund by 5.9% during the third quarter. Van ECK Associates Corp now owns 133,404 shares of the company’s stock valued at $1,427,000 after acquiring an additional 7,384 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Stock Down 0.7%

BNY Mellon Municipal Bond Infrastructure Fund stock opened at $10.36 on Friday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 1-year low of $9.58 and a 1-year high of $11.28. The firm’s 50 day simple moving average is $10.98 and its 200 day simple moving average is $10.81.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 17th will be issued a $0.042 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 4.9%.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.

The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects.