Sanctuary Advisors LLC Acquires 10,089 Shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Sanctuary Advisors LLC grew its holdings in BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 30.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,072 shares of the company’s stock after purchasing an additional 10,089 shares during the period. Sanctuary Advisors LLC owned about 0.21% of BNY Mellon Municipal Income worth $314,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Rivernorth Capital Management LLC boosted its holdings in shares of BNY Mellon Municipal Income by 73.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,137,637 shares of the company’s stock valued at $15,626,000 after acquiring an additional 907,457 shares during the last quarter. Almitas Capital LLC raised its holdings in shares of BNY Mellon Municipal Income by 25.7% during the second quarter. Almitas Capital LLC now owns 791,104 shares of the company’s stock valued at $5,688,000 after purchasing an additional 161,669 shares during the last quarter. Rothschild Investment LLC bought a new position in BNY Mellon Municipal Income during the second quarter valued at approximately $810,000. Whitebox Advisors LLC boosted its holdings in BNY Mellon Municipal Income by 94.9% in the second quarter. Whitebox Advisors LLC now owns 210,519 shares of the company’s stock worth $1,514,000 after purchasing an additional 102,527 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in BNY Mellon Municipal Income in the 2nd quarter worth approximately $373,000.

BNY Mellon Municipal Income Price Performance

NYSE DMF opened at $7.00 on Friday. BNY Mellon Municipal Income, Inc. has a 1-year low of $6.40 and a 1-year high of $7.52. The business’s fifty day moving average price is $7.23 and its 200-day moving average price is $7.25.

BNY Mellon Municipal Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.019 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Friday, December 13th.

About BNY Mellon Municipal Income

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.