BNY Mellon Municipal Income, Inc. (NYSE:DMF) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC reduced its position in shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 612,977 shares of the company’s stock after selling 17,806 shares during the period. Pathstone Holdings LLC owned approximately 2.95% of BNY Mellon Municipal Income worth $4,481,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in shares of BNY Mellon Municipal Income during the 2nd quarter worth approximately $73,000. Sanctuary Advisors LLC purchased a new position in BNY Mellon Municipal Income in the second quarter worth $219,000. Bank of New York Mellon Corp acquired a new stake in BNY Mellon Municipal Income in the second quarter valued at $373,000. Dakota Wealth Management boosted its position in shares of BNY Mellon Municipal Income by 18.4% during the 3rd quarter. Dakota Wealth Management now owns 90,026 shares of the company’s stock worth $658,000 after purchasing an additional 14,000 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of BNY Mellon Municipal Income during the 2nd quarter worth $766,000.

BNY Mellon Municipal Income Trading Up 0.8 %

Shares of DMF opened at $7.28 on Friday. BNY Mellon Municipal Income, Inc. has a 52-week low of $6.13 and a 52-week high of $7.49. The company has a 50-day simple moving average of $7.27 and a 200-day simple moving average of $7.18.

BNY Mellon Municipal Income Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.019 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.13%.

Insider Transactions at BNY Mellon Municipal Income

In other news, major shareholder Saba Capital Management, L.P. sold 220,866 shares of BNY Mellon Municipal Income stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $7.36, for a total transaction of $1,625,573.76. Following the completion of the transaction, the insider now owns 2,156,152 shares of the company’s stock, valued at $15,869,278.72. The trade was a 9.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

BNY Mellon Municipal Income Company 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.