BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading Down 0.1% – Time to Sell?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s share price was down 0.1% during trading on Tuesday . The company traded as low as $10.09 and last traded at $10.11. Approximately 142,263 shares traded hands during mid-day trading, an increase of 116% from the average daily volume of 65,838 shares. The stock had previously closed at $10.12.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

The firm has a 50-day moving average price of $10.11 and a two-hundred day moving average price of $10.32.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 17th will be issued a dividend of $0.038 per share. This represents a $0.46 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Thursday, July 17th.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

Several hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 4th quarter worth about $845,000. Ameriprise Financial Inc. grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 6.0% during the fourth quarter. Ameriprise Financial Inc. now owns 218,128 shares of the company’s stock valued at $2,258,000 after purchasing an additional 12,386 shares during the period. HighTower Advisors LLC grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 19.3% during the fourth quarter. HighTower Advisors LLC now owns 30,994 shares of the company’s stock valued at $321,000 after purchasing an additional 5,023 shares during the period. Invesco Ltd. acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth $592,000. Finally, Bank of America Corp DE raised its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 11.7% in the fourth quarter. Bank of America Corp DE now owns 63,528 shares of the company’s stock worth $658,000 after purchasing an additional 6,650 shares during the period.

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.