Van ECK Associates Corp Lowers Stock Position in BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Van ECK Associates Corp trimmed its position in shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 10.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 147,851 shares of the company’s stock after selling 16,542 shares during the period. Van ECK Associates Corp’s holdings in BNY Mellon Municipal Income were worth $1,063,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hennion & Walsh Asset Management Inc. acquired a new stake in BNY Mellon Municipal Income during the second quarter worth about $766,000. Rothschild Investment LLC acquired a new stake in BNY Mellon Municipal Income during the 2nd quarter worth approximately $810,000. Bulldog Investors LLP raised its holdings in BNY Mellon Municipal Income by 4.8% in the fourth quarter. Bulldog Investors LLP now owns 912,469 shares of the company’s stock valued at $5,931,000 after buying an additional 41,898 shares during the period. Blue Bell Private Wealth Management LLC lifted its position in BNY Mellon Municipal Income by 278.6% during the first quarter. Blue Bell Private Wealth Management LLC now owns 19,727 shares of the company’s stock valued at $135,000 after buying an additional 14,517 shares in the last quarter. Finally, Opinicus Capital Inc. purchased a new stake in BNY Mellon Municipal Income during the first quarter worth approximately $68,000.

BNY Mellon Municipal Income Price Performance

BNY Mellon Municipal Income stock opened at $7.34 on Friday. The firm has a fifty day moving average of $7.25 and a 200-day moving average of $6.95. BNY Mellon Municipal Income, Inc. has a 52-week low of $5.37 and a 52-week high of $7.37.

BNY Mellon Municipal Income Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be issued a $0.019 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.23 annualized dividend and a yield of 3.11%.

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.