Logan Stone Capital LLC Decreases Stock Holdings in BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Logan Stone Capital LLC lessened its stake in BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 18.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 306,881 shares of the company’s stock after selling 69,698 shares during the period. Logan Stone Capital LLC’s holdings in BNY Mellon Municipal Income were worth $2,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Opinicus Capital Inc. bought a new stake in shares of BNY Mellon Municipal Income in the 1st quarter valued at about $68,000. XTX Topco Ltd acquired a new stake in BNY Mellon Municipal Income in the second quarter valued at approximately $73,000. Bank of New York Mellon Corp purchased a new position in BNY Mellon Municipal Income in the second quarter worth $373,000. Whitebox Advisors LLC purchased a new position in BNY Mellon Municipal Income in the first quarter worth $738,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of BNY Mellon Municipal Income during the second quarter worth $766,000.

BNY Mellon Municipal Income Trading Down 0.4 %

Shares of DMF opened at $7.30 on Friday. BNY Mellon Municipal Income, Inc. has a 12 month low of $5.37 and a 12 month high of $7.49. The stock has a fifty day moving average price of $7.30 and a 200-day moving average price of $7.02.

BNY Mellon Municipal Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a $0.019 dividend. This represents a $0.23 annualized dividend and a yield of 3.12%. The ex-dividend date is Monday, September 16th.

Insider Transactions at BNY Mellon Municipal Income

In related news, major shareholder Saba Capital Management, L.P. sold 220,866 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $7.36, for a total value of $1,625,573.76. Following the completion of the transaction, the insider now directly owns 2,156,152 shares of the company’s stock, valued at approximately $15,869,278.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

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.