BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Stock Price Up 1.1% – Here’s What Happened

Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) rose 1.1% during trading on Thursday . The company traded as high as $10.96 and last traded at $10.93. Approximately 61,872 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 67,973 shares. The stock had previously closed at $10.81.

BNY Mellon Municipal Bond Infrastructure Fund Trading Up 1.1 %

The firm’s fifty day moving average price is $10.90 and its two-hundred day moving average price is $10.73.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be given a dividend of $0.03 per share. 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 Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Avior Wealth Management LLC lifted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 104.7% during the 3rd quarter. Avior Wealth Management LLC now owns 5,878 shares of the company’s stock valued at $66,000 after buying an additional 3,007 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the third quarter worth $223,000. Blue Bell Private Wealth Management LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter valued at $249,000. B. Riley Wealth Advisors Inc. increased its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 44.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock valued at $270,000 after acquiring an additional 7,800 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter valued at about $289,000.

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.