BNY Mellon Municipal Income, Inc. (NYSE:DMF) Shares Purchased by Whitebox Advisors LLC

Whitebox Advisors LLC raised its position in BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 94.9% in the 2nd quarter, Holdings Channel reports. The fund owned 210,519 shares of the company’s stock after purchasing an additional 102,527 shares during the period. Whitebox Advisors LLC’s holdings in BNY Mellon Municipal Income were worth $1,514,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DMF. Bulldog Investors LLP grew its holdings in BNY Mellon Municipal Income by 4.8% during the 4th quarter. Bulldog Investors LLP now owns 912,469 shares of the company’s stock valued at $5,931,000 after purchasing an additional 41,898 shares in the last quarter. Opinicus Capital Inc. acquired a new stake in shares of BNY Mellon Municipal Income during the first quarter valued at about $68,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of BNY Mellon Municipal Income during the second quarter worth about $766,000. Bank of New York Mellon Corp acquired a new position in shares of BNY Mellon Municipal Income in the second quarter worth about $373,000. Finally, Rothschild Investment LLC purchased a new position in BNY Mellon Municipal Income in the second quarter valued at about $810,000.

BNY Mellon Municipal Income Stock Performance

DMF stock opened at $7.34 on Wednesday. The stock’s 50 day moving average is $7.30 and its two-hundred day moving average is $7.01. BNY Mellon Municipal Income, Inc. has a 52-week low of $5.37 and a 52-week high of $7.49.

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 paid a $0.019 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.11%.

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.