Stonebrook Private Inc. Makes New Investment in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Stonebrook Private Inc. purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 59,713 shares of the company’s stock, valued at approximately $616,000.

Other large investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in shares of 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 buying an additional 1,109 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 36.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,660 shares of the company’s stock valued at $176,000 after buying an additional 4,670 shares during the period. Melfa Wealth Management LLC grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 34.7% in the 4th quarter. Melfa Wealth Management LLC now owns 19,456 shares of the company’s stock valued at $201,000 after buying an additional 5,016 shares during the period. Samalin Investment Counsel LLC grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 34.3% in the 3rd quarter. Samalin Investment Counsel LLC now owns 20,446 shares of the company’s stock valued at $203,000 after buying an additional 5,221 shares during the period. Finally, Fiera Capital Corp grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 1.9% in the 3rd quarter. Fiera Capital Corp now owns 541,217 shares of the company’s stock valued at $5,369,000 after buying an additional 10,106 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of DMB opened at $9.99 on Monday. The stock has a 50-day moving average of $10.24 and a 200-day moving average of $10.07. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a one year low of $8.94 and a one year high of $11.79.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

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

BNY Mellon Municipal Bond Infrastructure Fund 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.