XTX Topco Ltd Acquires New Holdings in BNY Mellon Municipal Income, Inc. (NYSE:DMF)

XTX Topco Ltd purchased a new stake in BNY Mellon Municipal Income, Inc. (NYSE:DMF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,145 shares of the company’s stock, valued at approximately $73,000.

Other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in BNY Mellon Municipal Income in the 2nd quarter valued at approximately $810,000. Whitebox Advisors LLC bought a new stake in shares of BNY Mellon Municipal Income during the first quarter valued at about $738,000. Hennion & Walsh Asset Management Inc. acquired a new stake in BNY Mellon Municipal Income in the second quarter worth about $766,000. Bank of New York Mellon Corp bought a new position in BNY Mellon Municipal Income in the 2nd quarter valued at about $373,000. Finally, Bulldog Investors LLP increased its stake in BNY Mellon Municipal Income by 4.8% during the 4th quarter. Bulldog Investors LLP now owns 912,469 shares of the company’s stock valued at $5,931,000 after buying an additional 41,898 shares during the period.

BNY Mellon Municipal Income Stock Up 0.4 %

Shares of NYSE:DMF opened at $7.34 on Wednesday. The company has a 50 day moving average of $7.31 and a 200-day moving average of $7.03. BNY Mellon Municipal Income, Inc. has a twelve month low of $5.37 and a twelve month high of $7.49.

BNY Mellon Municipal Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.019 per share. This represents a $0.23 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Tuesday, October 15th.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 220,866 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $7.36, for a total value of $1,625,573.76. Following the completion of the sale, the insider now owns 2,156,152 shares in the company, valued at $15,869,278.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by insiders.

BNY Mellon Municipal Income Profile

BNY Mellon Municipal Income, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations that are rated investment grade and have maturities of less than one year.