Farther Finance Advisors LLC Trims Holdings in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Farther Finance Advisors LLC reduced its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 27.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,327 shares of the company’s stock after selling 2,719 shares during the quarter. Farther Finance Advisors LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $82,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ackerman Capital Advisors LLC lifted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 0.9% during the 2nd quarter. Ackerman Capital Advisors LLC now owns 136,762 shares of the company’s stock valued at $1,447,000 after buying an additional 1,234 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 6.3% during the second quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock worth $360,000 after acquiring an additional 2,000 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 44.2% during the second quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock valued at $270,000 after acquiring an additional 7,800 shares in the last quarter. Blue Bell Private Wealth Management LLC purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at approximately $249,000. Finally, Matisse Capital grew its stake in BNY Mellon Municipal Bond Infrastructure Fund by 7.7% in the second quarter. Matisse Capital now owns 371,400 shares of the company’s stock worth $3,929,000 after purchasing an additional 26,417 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

DMB opened at $10.72 on Wednesday. The stock’s fifty day moving average is $10.97 and its two-hundred day moving average is $10.68. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 52 week low of $9.52 and a 52 week high of $11.27.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, November 20th. This represents a $0.36 annualized dividend and a dividend yield of 3.36%.

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.