BNY Mellon Municipal Bond Infrastructure Fund, Inc. $DMB Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC cut its position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 70.6% during the first quarter, HoldingsChannel reports. The firm owned 83,758 shares of the company’s stock after selling 201,155 shares during the quarter. Riverbridge Partners LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $883,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DMB. Saba Capital Management L.P. grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 25.3% during the fourth quarter. Saba Capital Management L.P. now owns 1,565,016 shares of the company’s stock worth $17,200,000 after purchasing an additional 315,971 shares in the last quarter. Pathstone Holdings LLC increased its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 33.9% in the third 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 during the last quarter. Guggenheim Capital LLC raised its stake in BNY Mellon Municipal Bond Infrastructure Fund by 17.0% in the fourth quarter. Guggenheim Capital LLC now owns 434,666 shares of the company’s stock valued at $4,777,000 after buying an additional 63,058 shares in the last quarter. Bulldog Investors LLP raised its stake in BNY Mellon Municipal Bond Infrastructure Fund by 20.6% in the fourth quarter. Bulldog Investors LLP now owns 400,303 shares of the company’s stock valued at $4,399,000 after buying an additional 68,324 shares in the last quarter. Finally, Sit Investment Associates Inc. purchased a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the 4th quarter worth about $2,784,000.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.3%

NYSE:DMB opened at $10.99 on Thursday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 1 year low of $9.85 and a 1 year high of $11.28. The stock has a 50-day simple moving average of $10.93 and a 200-day simple moving average of $10.91.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Tuesday, June 16th will be issued a $0.05 dividend. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, June 16th.

BNY Mellon Municipal Bond Infrastructure Fund 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.