BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading Down 0.5% – Here’s Why

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s stock price traded down 0.5% during mid-day trading on Friday . The stock traded as low as $10.76 and last traded at $10.80. 21,957 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 67,419 shares. The stock had previously closed at $10.85.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

The stock has a 50 day simple moving average of $10.85 and a 200-day simple moving average of $10.79.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.36 annualized dividend and a yield of 3.35%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC increased its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% in the 3rd quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock worth $7,036,000 after purchasing an additional 615,934 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in BNY Mellon Municipal Bond Infrastructure Fund by 5.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 549,606 shares of the company’s stock worth $6,134,000 after buying an additional 28,498 shares in the last quarter. Pathstone Holdings LLC increased its position in BNY Mellon Municipal Bond Infrastructure Fund by 133.2% in the third quarter. Pathstone Holdings LLC now owns 388,899 shares of the company’s stock worth $4,340,000 after buying an additional 222,114 shares in the last quarter. Matisse Capital raised its stake in shares of 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 buying an additional 26,417 shares during the period. Finally, Ackerman Capital Advisors LLC lifted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 12.3% during the 3rd quarter. Ackerman Capital Advisors LLC now owns 153,597 shares of the company’s stock valued at $1,714,000 after buying an additional 16,835 shares in the last quarter.

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.