BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Stock Price Down 0.4% – Here’s What Happened

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) dropped 0.4% during trading on Wednesday . The company traded as low as $10.63 and last traded at $10.66. Approximately 12,213 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 66,461 shares. The stock had previously closed at $10.70.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

The company’s 50 day moving average price is $10.95 and its two-hundred day moving average price is $10.71.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Wednesday, November 20th.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of large investors have recently made changes to their positions in the stock. Rivernorth Capital Management LLC raised its stake in BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% during the third quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock worth $7,036,000 after purchasing an additional 615,934 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter valued at approximately $5,513,000. Pathstone Holdings LLC lifted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 133.2% in the third quarter. Pathstone Holdings LLC now owns 388,899 shares of the company’s stock valued at $4,340,000 after acquiring an additional 222,114 shares during the last quarter. Whitebox Advisors LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth approximately $1,266,000. Finally, Almitas Capital LLC acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth $464,000.

BNY Mellon Municipal Bond Infrastructure Fund Company 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.