BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Shares Up 1.3% – Time to Buy?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s stock price rose 1.3% during trading on Monday . The company traded as high as $10.98 and last traded at $10.94. Approximately 64,672 shares were traded during trading, a decline of 5% from the average daily volume of 67,803 shares. The stock had previously closed at $10.80.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

The business’s fifty day moving average is $10.92 and its two-hundred day moving average is $10.72.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be given a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Wednesday, November 20th.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whitebox Advisors LLC increased its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 5.2% during the third quarter. Whitebox Advisors LLC now owns 125,910 shares of the company’s stock valued at $1,405,000 after buying an additional 6,269 shares during the last quarter. Rivernorth Capital Management LLC grew its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% during the 3rd quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock valued at $7,036,000 after acquiring an additional 615,934 shares during the period. HighTower Advisors LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter worth $289,000. Rockefeller Capital Management L.P. bought a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter worth $223,000. Finally, Avior Wealth Management LLC grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 104.7% during the third quarter. Avior Wealth Management LLC now owns 5,878 shares of the company’s stock valued at $66,000 after purchasing an additional 3,007 shares during the period.

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.