ProVise Management Group LLC Lowers Stake in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

ProVise Management Group LLC lessened its position in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 16.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 44,801 shares of the company’s stock after selling 9,093 shares during the quarter. ProVise Management Group LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $464,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 56.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 858,941 shares of the company’s stock valued at $8,890,000 after acquiring an additional 309,335 shares during the period. Van ECK Associates Corp boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 5.0% in the fourth quarter. Van ECK Associates Corp now owns 156,478 shares of the company’s stock worth $1,620,000 after buying an additional 7,507 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth about $237,000. Rockefeller Capital Management L.P. purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the third quarter worth about $223,000. Finally, HighTower Advisors LLC purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the third quarter worth about $289,000.

BNY Mellon Municipal Bond Infrastructure Fund Stock Down 0.3 %

Shares of NYSE DMB opened at $10.65 on Thursday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 1-year low of $9.93 and a 1-year high of $11.28. The business has a 50-day moving average of $10.58 and a 200-day moving average of $10.74.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Tuesday, March 18th.

BNY Mellon Municipal Bond Infrastructure Fund Profile

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.