Riverbridge Partners LLC Buys 112,566 Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. $DMB

Riverbridge Partners LLC boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 65.3% during the fourth quarter, HoldingsChannel reports. The firm owned 284,913 shares of the company’s stock after buying an additional 112,566 shares during the period. Riverbridge Partners LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $3,131,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Triumph Capital Management purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter worth approximately $78,000. Nomura Holdings Inc. purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter valued at $102,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter valued at $227,000. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter worth $238,000. Finally, Capital Investment Advisors LLC lifted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 11.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 35,786 shares of the company’s stock worth $383,000 after acquiring an additional 3,749 shares during the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 0.7%

Shares of NYSE:DMB opened at $10.36 on Friday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 52-week low of $9.58 and a 52-week high of $11.28. The firm has a fifty day moving average of $10.98 and a 200 day moving average of $10.81.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.042 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) annualized dividend and a yield of 4.9%.

BNY Mellon Municipal Bond Infrastructure Fund Profile

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.