BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Stock Price Down 0.1% – Here’s Why

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s stock price dropped 0.1% during mid-day trading on Friday . The stock traded as low as $10.77 and last traded at $10.81. Approximately 20,958 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 67,454 shares. The stock had previously closed at $10.82.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

The business has a 50 day moving average of $10.92 and a 200 day moving average of $10.72.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

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

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

A number of hedge funds have recently modified their holdings of the company. Ackerman Capital Advisors LLC increased its stake in BNY Mellon Municipal Bond Infrastructure Fund by 0.9% in the second quarter. Ackerman Capital Advisors LLC now owns 136,762 shares of the company’s stock valued at $1,447,000 after purchasing an additional 1,234 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter valued at $5,513,000. Pine Valley Investments Ltd Liability Co raised its stake in BNY Mellon Municipal Bond Infrastructure Fund by 6.3% during the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock worth $360,000 after buying an additional 2,000 shares during the period. Matisse Capital lifted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 7.7% during the second quarter. Matisse Capital now owns 371,400 shares of the company’s stock worth $3,929,000 after acquiring an additional 26,417 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at about $249,000.

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.