Dakota Wealth Management Buys 10,100 Shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Dakota Wealth Management increased its stake in shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,126 shares of the company’s stock after purchasing an additional 10,100 shares during the quarter. Dakota Wealth Management owned about 0.48% of BNY Mellon Municipal Income worth $711,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. XTX Topco Ltd boosted its position in BNY Mellon Municipal Income by 21.5% in the 3rd quarter. XTX Topco Ltd now owns 12,328 shares of the company’s stock valued at $90,000 after buying an additional 2,183 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in BNY Mellon Municipal Income by 30.6% in the third quarter. Sanctuary Advisors LLC now owns 43,072 shares of the company’s stock valued at $314,000 after acquiring an additional 10,089 shares during the last quarter. Almitas Capital LLC increased its position in BNY Mellon Municipal Income by 25.7% in the second quarter. Almitas Capital LLC now owns 791,104 shares of the company’s stock worth $5,688,000 after purchasing an additional 161,669 shares during the period. Finally, Rivernorth Capital Management LLC raised its holdings in BNY Mellon Municipal Income by 73.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,137,637 shares of the company’s stock worth $15,626,000 after purchasing an additional 907,457 shares during the last quarter.

BNY Mellon Municipal Income Stock Performance

BNY Mellon Municipal Income stock opened at $7.19 on Friday. BNY Mellon Municipal Income, Inc. has a 1 year low of $6.46 and a 1 year high of $7.52. The company’s 50-day moving average is $7.20 and its two-hundred day moving average is $7.25.

BNY Mellon Municipal Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.019 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.23 dividend on an annualized basis and a yield of 3.17%.

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.