BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB – Get Rating) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 345,825 shares of the company’s stock after selling 11,721 shares during the quarter. Raymond James & Associates’ holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $3,635,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DMB. Captrust Financial Advisors acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter valued at approximately $33,000. Hollencrest Capital Management bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 4th quarter worth approximately $40,000. AlphaCentric Advisors LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth approximately $57,000. Walleye Capital LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 1st quarter worth approximately $125,000. Finally, Drive Wealth Management LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth approximately $132,000.

Insiders Place Their Bets

In other BNY Mellon Municipal Bond Infrastructure Fund news, Director John C. Cardona, Jr. sold 5,880 shares of the stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $10.96, for a total transaction of $64,444.80. The transaction was disclosed in a filing with the SEC, which is available at this link.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.6 %

NYSE:DMB opened at $10.60 on Friday. The business’s 50 day moving average is $11.01 and its two-hundred day moving average is $10.93. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 52 week low of $9.78 and a 52 week high of $14.78.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Wednesday, May 17th will be issued a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Tuesday, May 16th.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

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BNY Mellon Municipal Bond Infrastructure Fund, Inc is a non-diversified closed-end management investment company. Its investment objective is to seek to provide as high a level of current income exempt from regular federal income tax as is consistent with the preservation of capital. The company was founded on April 26,2013 and is headquartered in New York,NY.