BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Stock Price Up 1.3% – Time to Buy?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) rose 1.3% during mid-day trading on Monday . The company traded as high as $10.98 and last traded at $10.94. Approximately 64,672 shares traded hands during trading, a decline of 5% from the average daily volume of 67,803 shares. The stock had previously closed at $10.80.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

The firm’s fifty day moving average is $10.90 and its 200 day moving average is $10.73.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be given a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Wednesday, November 20th.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of hedge funds and other institutional investors have recently modified their holdings of DMB. Avior Wealth Management LLC boosted its stake in shares of 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 during the period. Rockefeller Capital Management L.P. acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter valued at approximately $223,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter worth approximately $249,000. B. Riley Wealth Advisors Inc. boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 44.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock worth $270,000 after acquiring an additional 7,800 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund in the third quarter valued at approximately $289,000.

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.