10,092 Shares in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Bought by Shaker Financial Services LLC

Shaker Financial Services LLC purchased a new stake in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,092 shares of the company’s stock, valued at approximately $105,000.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter valued at approximately $845,000. Invesco Ltd. bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth $592,000. Arlington Capital Management Inc. boosted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 14.9% during the fourth quarter. Arlington Capital Management Inc. now owns 24,089 shares of the company’s stock worth $249,000 after purchasing an additional 3,131 shares during the last quarter. Samalin Investment Counsel LLC grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 9.9% in the fourth quarter. Samalin Investment Counsel LLC now owns 47,203 shares of the company’s stock valued at $489,000 after purchasing an additional 4,250 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in BNY Mellon Municipal Bond Infrastructure Fund by 19.3% in the 4th quarter. HighTower Advisors LLC now owns 30,994 shares of the company’s stock valued at $321,000 after buying an additional 5,023 shares during the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

BNY Mellon Municipal Bond Infrastructure Fund stock opened at $9.82 on Tuesday. The firm has a 50-day moving average of $10.49 and a 200-day moving average of $10.60. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a one year low of $9.58 and a one year high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Wednesday, April 16th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.36 annualized dividend and a yield of 3.67%.

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.