Melfa Wealth Management Inc. Acquires 15,000 Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Melfa Wealth Management Inc. lifted its holdings in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 79.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,972 shares of the company’s stock after buying an additional 15,000 shares during the period. Melfa Wealth Management Inc.’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $352,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DMB. Rivernorth Capital Management LLC boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% during the third quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock worth $7,036,000 after buying an additional 615,934 shares during the period. Whitebox Advisors LLC boosted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 5.2% during the 3rd quarter. Whitebox Advisors LLC now owns 125,910 shares of the company’s stock worth $1,405,000 after purchasing an additional 6,269 shares during the period. HighTower Advisors LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter valued at about $289,000. Rockefeller Capital Management L.P. bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter valued at about $223,000. Finally, 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 worth $66,000 after purchasing an additional 3,007 shares during the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of NYSE:DMB opened at $10.41 on Wednesday. The business has a 50 day simple moving average of $10.61 and a two-hundred day simple moving average of $10.78. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 1 year low of $9.93 and a 1 year high of $11.27.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Tuesday, January 21st will be issued a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Tuesday, January 21st.

BNY Mellon Municipal Bond Infrastructure Fund Company 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.