BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading Down 1.5% – Here’s What Happened

Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) fell 1.5% during mid-day trading on Thursday . The stock traded as low as $10.87 and last traded at $10.9450. 64,439 shares were traded during trading, an increase of 10% from the average session volume of 58,359 shares. The stock had previously closed at $11.11.

BNY Mellon Municipal Bond Infrastructure Fund Stock Down 0.7%

The company has a 50-day simple moving average of $10.81 and a two-hundred day simple moving average of $10.86.

BNY Mellon Municipal Bond Infrastructure Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a $0.05 dividend. This is a boost from BNY Mellon Municipal Bond Infrastructure Fund’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Monday, May 18th.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Several large investors have recently added to or reduced their stakes in DMB. Triumph Capital Management grew its stake in shares of 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 worth $92,000 after purchasing an additional 1,090 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4.7% in the fourth quarter. HighTower Advisors LLC now owns 46,364 shares of the company’s stock worth $510,000 after purchasing an additional 2,068 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 10.8% in the first quarter. Janney Montgomery Scott LLC now owns 24,925 shares of the company’s stock worth $263,000 after purchasing an additional 2,425 shares in the last quarter. Samalin Investment Counsel LLC grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 6.7% in the third quarter. Samalin Investment Counsel LLC now owns 53,059 shares of the company’s stock worth $568,000 after purchasing an additional 3,321 shares in the last quarter. Finally, Melfa Wealth Management Inc. grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 11.0% in the fourth quarter. Melfa Wealth Management Inc. now owns 37,722 shares of the company’s stock worth $415,000 after purchasing an additional 3,750 shares in 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.