BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Shares Sold by ProVise Management Group LLC

ProVise Management Group LLC lessened its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 7.3% during the 2nd quarter, Holdings Channel reports. The firm owned 55,894 shares of the company’s stock after selling 4,400 shares during the period. ProVise Management Group LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Nomura Holdings Inc. purchased a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the 4th quarter worth approximately $167,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth $249,000. Pine Valley Investments Ltd Liability Co increased its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 6.3% during the second quarter. Pine Valley Investments Ltd Liability Co now owns 33,905 shares of the company’s stock worth $360,000 after acquiring an additional 2,000 shares during the period. Ackerman Capital Advisors LLC raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 0.9% in the second quarter. Ackerman Capital Advisors LLC now owns 136,762 shares of the company’s stock valued at $1,447,000 after acquiring an additional 1,234 shares in the last quarter. Finally, Matisse Capital raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 146.4% in the first quarter. Matisse Capital now owns 344,983 shares of the company’s stock valued at $3,584,000 after acquiring an additional 204,983 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

DMB opened at $11.18 on Friday. The business has a fifty day moving average price of $10.85 and a 200 day moving average price of $10.48. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 12 month low of $8.94 and a 12 month high of $11.27.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, September 19th will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, September 19th.

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.