BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Stock Price Up 0.3% – Here’s What Happened

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) shares shot up 0.3% on Wednesday . The stock traded as high as $10.58 and last traded at $10.54. 52,442 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 56,133 shares. The stock had previously closed at $10.51.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

The firm’s fifty day moving average is $10.80 and its 200 day moving average is $10.86.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a $0.05 dividend. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, August 18th.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Institutional investors have recently made changes to their positions in the company. Sit Investment Associates Inc. bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter worth approximately $2,784,000. Bulldog Investors LLP boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 30.1% in the 1st quarter. Bulldog Investors LLP now owns 520,749 shares of the company’s stock valued at $5,489,000 after purchasing an additional 120,446 shares during the period. Triumph Capital Management grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 17.8% in the 2nd quarter. Triumph Capital Management now owns 8,450 shares of the company’s stock valued at $93,000 after buying an additional 1,275 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 14.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 247,088 shares of the company’s stock valued at $2,728,000 after buying an additional 31,290 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter valued at $72,000.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.

The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects.