Wolverine Asset Management LLC Takes Position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Wolverine Asset Management LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 70,557 shares of the company’s stock, valued at approximately $727,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC increased its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 2.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 42,724 shares of the company’s stock valued at $424,000 after acquiring an additional 1,109 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 36.0% during the 3rd 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 boosted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 34.7% during the 4th 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 boosted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 34.3% during the 3rd 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, Fiera Capital Corp boosted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 1.9% during the 3rd quarter. Fiera Capital Corp now owns 541,217 shares of the company’s stock worth $5,369,000 after purchasing an additional 10,106 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

BNY Mellon Municipal Bond Infrastructure Fund stock opened at $10.00 on Friday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 1 year low of $8.94 and a 1 year high of $11.79. The firm has a 50-day moving average of $10.25 and a two-hundred day moving average of $10.07.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

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

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.