BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Trading Down 0.6% – What’s Next?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s share price traded down 0.6% on Wednesday . The stock traded as low as $10.76 and last traded at $10.76. 30,918 shares changed hands during trading, a decline of 53% from the average session volume of 66,084 shares. The stock had previously closed at $10.82.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

The company has a 50-day moving average price of $10.72 and a 200-day moving average price of $10.39.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Tuesday, December 16th will be issued a $0.042 dividend. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Tuesday, December 16th.

Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors have recently modified their holdings of the company. Pathstone Holdings LLC boosted its position in BNY Mellon Municipal Bond Infrastructure Fund by 33.9% during the third quarter. Pathstone Holdings LLC now owns 1,331,675 shares of the company’s stock worth $14,249,000 after acquiring an additional 337,294 shares during the last quarter. Bulldog Investors LLP lifted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 91.7% during the 3rd quarter. Bulldog Investors LLP now owns 331,979 shares of the company’s stock worth $3,552,000 after purchasing an additional 158,768 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 11.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 958,161 shares of the company’s stock worth $10,252,000 after purchasing an additional 99,220 shares during the last quarter. Almitas Capital LLC grew its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 62.6% in the first quarter. Almitas Capital LLC now owns 103,475 shares of the company’s stock valued at $1,094,000 after purchasing an additional 39,821 shares during the period. Finally, Guggenheim Capital LLC grew its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 22.1% in the second quarter. Guggenheim Capital LLC now owns 157,883 shares of the company’s stock valued at $1,614,000 after purchasing an additional 28,564 shares during the period.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.

The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects.