Rivernorth Capital Management LLC Has $1.29 Million Stock Position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. $DMB

Rivernorth Capital Management LLC lowered its stake in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 68.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,649 shares of the company’s stock after selling 261,792 shares during the period. Rivernorth Capital Management LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $1,293,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Triumph Capital Management grew its stake in BNY Mellon Municipal Bond Infrastructure Fund by 15.0% during the fourth quarter. Triumph Capital Management now owns 8,375 shares of the company’s stock worth $92,000 after buying an additional 1,090 shares in the last quarter. HighTower Advisors LLC raised its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4.7% in the 4th quarter. HighTower Advisors LLC now owns 46,364 shares of the company’s stock valued at $510,000 after buying an additional 2,068 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 10.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 24,925 shares of the company’s stock worth $263,000 after acquiring an additional 2,425 shares during the period. Melfa Wealth Management Inc. boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 11.0% during the 4th quarter. Melfa Wealth Management Inc. now owns 37,722 shares of the company’s stock worth $415,000 after acquiring an additional 3,750 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 4th quarter worth approximately $55,000.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

Shares of NYSE:DMB opened at $10.63 on Thursday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 1 year low of $9.89 and a 1 year high of $11.28. The company’s 50 day simple moving average is $10.94 and its 200 day simple moving average is $10.93.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 17th will be paid a $0.05 dividend. The ex-dividend date is Friday, July 17th. This represents a c) annualized dividend and a dividend yield of 5.6%.

About BNY Mellon Municipal Bond Infrastructure Fund

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.