BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading Up 0.1% – Still a Buy?

Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) traded up 0.1% during trading on Monday . The company traded as high as $10.77 and last traded at $10.75. 11,546 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 67,283 shares. The stock had previously closed at $10.74.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

The business’s 50-day moving average is $10.84 and its two-hundred day moving average is $10.80.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Wednesday, December 18th.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

Several institutional investors and hedge funds have recently bought and sold shares of DMB. Avior Wealth Management LLC lifted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 104.7% in the third quarter. Avior Wealth Management LLC now owns 5,878 shares of the company’s stock valued at $66,000 after acquiring an additional 3,007 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the third quarter worth about $223,000. Blue Bell Private Wealth Management LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth approximately $249,000. B. Riley Wealth Advisors Inc. lifted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 44.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock valued at $270,000 after buying an additional 7,800 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth approximately $289,000.

About BNY Mellon Municipal Bond Infrastructure Fund

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.