BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Shares Up 0.1% – What’s Next?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s share price traded up 0.1% during trading on Wednesday . The stock traded as high as $11.11 and last traded at $11.0950. 35,860 shares traded hands during trading, a decline of 46% from the average session volume of 66,429 shares. The stock had previously closed at $11.08.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.1%

The business’s 50 day moving average price is $11.02 and its two-hundred day moving average price is $10.70.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th will be paid a dividend of $0.042 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, February 18th.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pathstone Holdings LLC boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 33.9% during the third quarter. Pathstone Holdings LLC now owns 1,331,675 shares of the company’s stock valued at $14,249,000 after buying an additional 337,294 shares in the last quarter. Saba Capital Management L.P. lifted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 25.3% in the 4th quarter. Saba Capital Management L.P. now owns 1,565,016 shares of the company’s stock valued at $17,200,000 after acquiring an additional 315,971 shares during the last quarter. Sit Investment Associates Inc. acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter valued at about $2,784,000. Bulldog Investors LLP grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 91.7% in the 3rd quarter. Bulldog Investors LLP now owns 331,979 shares of the company’s stock worth $3,552,000 after purchasing an additional 158,768 shares during the last quarter. Finally, Riverbridge Partners LLC grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 65.3% in the 4th quarter. Riverbridge Partners LLC now owns 284,913 shares of the company’s stock worth $3,131,000 after purchasing an additional 112,566 shares during the last quarter.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.

The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects.