BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Stock Price Up 0.3% – What’s Next?

Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) rose 0.3% during trading on Wednesday . The company traded as high as $10.58 and last traded at $10.54. 52,442 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 56,133 shares. The stock had previously closed at $10.51.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

The company has a 50 day moving average price of $10.79 and a 200 day moving average price of $10.86.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a $0.05 dividend. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, August 18th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Triumph Capital Management lifted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 15.0% in the fourth quarter. Triumph Capital Management now owns 8,375 shares of the company’s stock valued at $92,000 after buying an additional 1,090 shares during the period. HighTower Advisors LLC lifted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4.7% during the 4th quarter. HighTower Advisors LLC now owns 46,364 shares of the company’s stock valued at $510,000 after acquiring an additional 2,068 shares during the period. Janney Montgomery Scott LLC boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 10.8% during the first quarter. Janney Montgomery Scott LLC now owns 24,925 shares of the company’s stock worth $263,000 after acquiring an additional 2,425 shares in the last quarter. Farther Finance Advisors LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter worth $55,000. Finally, Kestra Advisory Services LLC acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth $72,000.

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.