Stonebrook Private Inc. Purchases New Position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Stonebrook Private Inc. purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 59,713 shares of the company’s stock, valued at approximately $616,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Simon Quick Advisors LLC purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the third quarter valued at about $118,000. B. Riley Wealth Advisors Inc. grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 36.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 17,660 shares of the company’s stock worth $176,000 after purchasing an additional 4,670 shares during the period. Melfa Wealth Management LLC grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 34.7% in the fourth quarter. Melfa Wealth Management LLC now owns 19,456 shares of the company’s stock worth $201,000 after purchasing an additional 5,016 shares during the period. Samalin Investment Counsel LLC grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 34.3% in the third quarter. Samalin Investment Counsel LLC now owns 20,446 shares of the company’s stock worth $203,000 after purchasing an additional 5,221 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 2.7% in the third quarter. Commonwealth Equity Services LLC now owns 42,724 shares of the company’s stock worth $424,000 after purchasing an additional 1,109 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of DMB opened at $9.99 on Monday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a fifty-two week low of $8.94 and a fifty-two week high of $11.79. The firm’s 50-day simple moving average is $10.24 and its two-hundred day simple moving average is $10.07.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 17th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $0.36 annualized dividend and a dividend yield of 3.60%.

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.