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

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

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

The business’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 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. 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 Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth $5,513,000. Almitas Capital LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter worth about $464,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter valued at about $249,000. B. Riley Wealth Advisors Inc. increased its stake in shares of 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 valued at $270,000 after buying an additional 7,800 shares during the period. Finally, Matisse Capital raised its position in shares of 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 during the last quarter.

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.