BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading Up 0.9% – Here’s Why

Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) traded up 0.9% on Wednesday . The company traded as high as $10.93 and last traded at $10.91. 14,020 shares changed hands during trading, a decline of 79% from the average session volume of 67,722 shares. The stock had previously closed at $10.81.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

The stock’s 50-day simple moving average is $10.90 and its two-hundred day simple moving average is $10.73.

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 3.29%.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the second quarter valued at approximately $5,513,000. Almitas Capital LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter valued at $464,000. Blue Bell Private Wealth Management LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter valued at $249,000. B. Riley Wealth Advisors Inc. increased its stake in BNY Mellon Municipal Bond Infrastructure Fund by 44.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock worth $270,000 after purchasing an additional 7,800 shares during the period. Finally, Matisse Capital increased its stake in BNY Mellon Municipal Bond Infrastructure Fund by 7.7% in the second quarter. Matisse Capital now owns 371,400 shares of the company’s stock worth $3,929,000 after purchasing an additional 26,417 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

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.