Sit Investment Associates Inc. Buys 744,486 Shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Sit Investment Associates Inc. increased its position in shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 33.0% during the 4th quarter, Holdings Channel reports. The fund owned 3,000,682 shares of the company’s stock after buying an additional 744,486 shares during the quarter. Sit Investment Associates Inc. owned 0.14% of BNY Mellon Municipal Income worth $21,305,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DMF. Rivernorth Capital Management LLC raised its holdings in BNY Mellon Municipal Income by 84.1% in the third 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 period. Van ECK Associates Corp increased its position in shares of BNY Mellon Municipal Income by 2.6% in the 4th quarter. Van ECK Associates Corp now owns 123,812 shares of the company’s stock valued at $879,000 after buying an additional 3,102 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in BNY Mellon Municipal Income during the 4th quarter worth $873,000. Bank of New York Mellon Corp lifted its holdings in BNY Mellon Municipal Income by 19.3% during the fourth quarter. Bank of New York Mellon Corp now owns 103,872 shares of the company’s stock worth $737,000 after acquiring an additional 16,799 shares in the last quarter. Finally, Dakota Wealth Management grew its stake in BNY Mellon Municipal Income by 11.2% in the fourth quarter. Dakota Wealth Management now owns 100,126 shares of the company’s stock valued at $711,000 after acquiring an additional 10,100 shares during the period.

BNY Mellon Municipal Income Stock Performance

Shares of BNY Mellon Municipal Income stock opened at $7.25 on Friday. BNY Mellon Municipal Income, Inc. has a 1 year low of $6.53 and a 1 year high of $7.52. The business has a 50-day moving average of $7.20 and a two-hundred day moving average of $7.22.

BNY Mellon Municipal Income Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.019 per share. The ex-dividend date is Monday, April 14th. This represents a $0.23 annualized dividend and a yield of 3.14%.

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.