BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Stock Price Down 0.5% – Time to Sell?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s share price traded down 0.5% during trading on Tuesday . The company traded as low as $10.66 and last traded at $10.66. 14,028 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 67,294 shares. The stock had previously closed at $10.71.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

The firm’s 50-day moving average is $10.82 and its 200 day moving average is $10.80.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.36 annualized dividend and a dividend yield of 3.50%.

Institutional Inflows and Outflows

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