HighTower Advisors LLC Purchases Shares of 25,971 BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

HighTower Advisors LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,971 shares of the company’s stock, valued at approximately $289,000.

A number of other large investors have also modified their holdings of the business. Pine Valley Investments Ltd Liability Co raised its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 6.3% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock valued at $360,000 after purchasing an additional 2,000 shares during the last quarter. Avior Wealth Management LLC increased its stake in 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 purchasing an additional 3,007 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 44.2% in the 2nd 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 during the period. Ackerman Capital Advisors LLC raised its stake in BNY Mellon Municipal Bond Infrastructure Fund by 12.3% in the 3rd quarter. Ackerman Capital Advisors LLC now owns 153,597 shares of the company’s stock worth $1,714,000 after acquiring an additional 16,835 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth about $223,000.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 0.6 %

BNY Mellon Municipal Bond Infrastructure Fund stock opened at $10.28 on Tuesday. The business’s 50-day simple moving average is $10.79 and its two-hundred day simple moving average is $10.80. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a fifty-two week low of $9.93 and a fifty-two week high of $11.27.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.36 annualized dividend and a yield of 3.50%.

BNY Mellon Municipal Bond Infrastructure Fund 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.