BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 10.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,760 shares of the company’s stock after selling 2,700 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $255,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC raised 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 buying an additional 3,007 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth about $223,000. Blue Bell Private Wealth Management LLC purchased a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth approximately $249,000. HighTower Advisors LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund in the third quarter valued at approximately $289,000. Finally, Pine Valley Investments Ltd Liability Co increased its stake in BNY Mellon Municipal Bond Infrastructure Fund by 6.3% in the second quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock valued at $360,000 after purchasing an additional 2,000 shares during the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

DMB stock opened at $10.34 on Friday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a twelve month low of $9.93 and a twelve month high of $11.27. The company’s 50 day moving average is $10.79 and its two-hundred day moving average is $10.80.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.36 annualized dividend and a yield of 3.48%.

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.