Rivernorth Capital Management LLC Boosts Stock Position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Rivernorth Capital Management LLC grew its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 4,237.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 630,470 shares of the company’s stock after buying an additional 615,934 shares during the period. Rivernorth Capital Management LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $7,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 5.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 549,606 shares of the company’s stock worth $6,134,000 after purchasing an additional 28,498 shares in the last quarter. Pathstone Holdings LLC raised its stake in BNY Mellon Municipal Bond Infrastructure Fund by 133.2% during the 3rd quarter. Pathstone Holdings LLC now owns 388,899 shares of the company’s stock worth $4,340,000 after acquiring an additional 222,114 shares in the last quarter. Matisse Capital raised its stake in BNY Mellon Municipal Bond Infrastructure Fund by 7.7% during the 2nd 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. Ackerman Capital Advisors LLC boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 12.3% in the third quarter. Ackerman Capital Advisors LLC now owns 153,597 shares of the company’s stock valued at $1,714,000 after acquiring an additional 16,835 shares in the last quarter. Finally, Whitebox Advisors LLC boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 5.2% in the third quarter. Whitebox Advisors LLC now owns 125,910 shares of the company’s stock valued at $1,405,000 after acquiring an additional 6,269 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 1.1 %

DMB opened at $10.85 on Friday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a one year low of $9.93 and a one year high of $11.27. The business’s 50-day simple moving average is $10.86 and its 200-day simple moving average is $10.78.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Wednesday, December 18th.

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.