BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading Down 0.5% – Time to Sell?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) traded down 0.5% during mid-day trading on Friday . The stock traded as low as $10.76 and last traded at $10.80. 21,957 shares changed hands during trading, a decline of 67% from the average session volume of 67,419 shares. The stock had previously closed at $10.85.

BNY Mellon Municipal Bond Infrastructure Fund Stock Down 1.1 %

The stock’s fifty day simple moving average is $10.86 and its 200 day simple moving average is $10.78.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be paid a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Wednesday, December 18th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rivernorth Capital Management LLC increased its position 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 purchasing an additional 615,934 shares during the last quarter. Whitebox Advisors LLC grew its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 5.2% in the 3rd quarter. Whitebox Advisors LLC now owns 125,910 shares of the company’s stock valued at $1,405,000 after buying an additional 6,269 shares during the period. HighTower Advisors LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth approximately $289,000. Rockefeller Capital Management L.P. acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth approximately $223,000. Finally, Avior Wealth Management LLC raised its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 104.7% during the 3rd 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 during the period.

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.