BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading Up 0.1% – Should You Buy?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s stock price shot up 0.1% during mid-day trading on Wednesday . The stock traded as high as $10.62 and last traded at $10.59. 14,061 shares traded hands during trading, a decline of 79% from the average session volume of 67,458 shares. The stock had previously closed at $10.58.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 0.7 %

The company has a fifty day simple moving average of $10.84 and a 200 day simple moving average of $10.80.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be paid a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Wednesday, December 18th.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

Several institutional investors have recently added to or reduced their stakes in DMB. Ackerman Capital Advisors LLC lifted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 0.9% in the 2nd quarter. Ackerman Capital Advisors LLC now owns 136,762 shares of the company’s stock worth $1,447,000 after purchasing an additional 1,234 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at $5,513,000. Pine Valley Investments Ltd Liability Co boosted its position in BNY Mellon Municipal Bond Infrastructure Fund by 6.3% during the second quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock valued at $360,000 after acquiring an additional 2,000 shares during the last quarter. Matisse Capital grew its holdings 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 during the period. Finally, Blue Bell Private Wealth Management LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth 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.