BNY Mellon Municipal Bond Infrastructure Fund, Inc. $DMB Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC decreased its holdings in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 70.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,758 shares of the company’s stock after selling 201,155 shares during the quarter. Riverbridge Partners LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $883,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Pathstone Holdings LLC lifted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 33.9% during the 3rd quarter. Pathstone Holdings LLC now owns 1,331,675 shares of the company’s stock worth $14,249,000 after buying an additional 337,294 shares in the last quarter. Saba Capital Management L.P. grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 25.3% in the fourth quarter. Saba Capital Management L.P. now owns 1,565,016 shares of the company’s stock worth $17,200,000 after acquiring an additional 315,971 shares in the last quarter. Sit Investment Associates Inc. acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth $2,784,000. Bulldog Investors LLP increased its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 91.7% during the third quarter. Bulldog Investors LLP now owns 331,979 shares of the company’s stock worth $3,552,000 after acquiring an additional 158,768 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 91.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 150,878 shares of the company’s stock worth $1,658,000 after acquiring an additional 71,874 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Trading Up 0.3%

Shares of NYSE DMB opened at $10.99 on Thursday. The business’s fifty day simple moving average is $10.93 and its 200-day simple moving average is $10.91. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 12-month low of $9.85 and a 12-month high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 5.5%.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

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.