Rothschild Investment LLC Reduces Position in BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Rothschild Investment LLC decreased its holdings in BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 35.5% during the 4th quarter, HoldingsChannel reports. The fund owned 72,700 shares of the company’s stock after selling 40,000 shares during the quarter. Rothschild Investment LLC’s holdings in BNY Mellon Municipal Income were worth $516,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Rivernorth Capital Management LLC increased its holdings in BNY Mellon Municipal Income by 84.1% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,265,296 shares of the company’s stock worth $16,559,000 after purchasing an additional 1,035,116 shares during the last quarter. Van ECK Associates Corp grew its position in shares of BNY Mellon Municipal Income by 2.6% during the fourth quarter. Van ECK Associates Corp now owns 123,812 shares of the company’s stock worth $879,000 after buying an additional 3,102 shares in the last quarter. Dakota Wealth Management increased its stake in shares of BNY Mellon Municipal Income by 11.2% in the fourth quarter. Dakota Wealth Management now owns 100,126 shares of the company’s stock worth $711,000 after buying an additional 10,100 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in BNY Mellon Municipal Income by 30.6% in the third quarter. Sanctuary Advisors LLC now owns 43,072 shares of the company’s stock valued at $314,000 after acquiring an additional 10,089 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in BNY Mellon Municipal Income by 21.5% during the 3rd quarter. XTX Topco Ltd now owns 12,328 shares of the company’s stock valued at $90,000 after acquiring an additional 2,183 shares during the last quarter.

BNY Mellon Municipal Income Price Performance

Shares of DMF stock opened at $7.19 on Wednesday. The firm has a fifty day moving average of $7.11 and a two-hundred day moving average of $7.24. BNY Mellon Municipal Income, Inc. has a 1-year low of $6.53 and a 1-year high of $7.52.

BNY Mellon Municipal Income Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.019 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.23 dividend on an annualized basis and a yield of 3.17%.

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.