BNY Mellon Municipal Income, Inc. (NYSE:DMF) Major Shareholder Buys $10,725.00 in Stock

BNY Mellon Municipal Income, Inc. (NYSE:DMFGet Free Report) major shareholder Saba Capital Management, L.P. acquired 1,650 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were bought at an average price of $6.50 per share, with a total value of $10,725.00. Following the completion of the purchase, the insider now owns 2,280,941 shares in the company, valued at $14,826,116.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Wednesday, January 17th, Saba Capital Management, L.P. acquired 3,634 shares of BNY Mellon Municipal Income stock. The shares were bought at an average price of $6.52 per share, with a total value of $23,693.68.
  • On Friday, January 12th, Saba Capital Management, L.P. acquired 6,200 shares of BNY Mellon Municipal Income stock. The shares were bought at an average price of $6.61 per share, with a total value of $40,982.00.
  • On Wednesday, January 10th, Saba Capital Management, L.P. acquired 42,829 shares of BNY Mellon Municipal Income stock. The shares were bought at an average price of $6.58 per share, with a total value of $281,814.82.
  • On Monday, January 8th, Saba Capital Management, L.P. acquired 341 shares of BNY Mellon Municipal Income stock. The shares were bought at an average price of $6.54 per share, with a total value of $2,230.14.
  • On Friday, January 5th, Saba Capital Management, L.P. acquired 10,968 shares of BNY Mellon Municipal Income stock. The shares were bought at an average price of $6.55 per share, with a total value of $71,840.40.
  • On Wednesday, January 3rd, Saba Capital Management, L.P. acquired 11,277 shares of BNY Mellon Municipal Income stock. The shares were bought at an average price of $6.55 per share, with a total value of $73,864.35.
  • On Friday, December 15th, Saba Capital Management, L.P. purchased 3,090 shares of BNY Mellon Municipal Income stock. The stock was acquired at an average cost of $6.52 per share, with a total value of $20,146.80.
  • On Wednesday, December 13th, Saba Capital Management, L.P. purchased 30,712 shares of BNY Mellon Municipal Income stock. The stock was acquired at an average cost of $6.42 per share, with a total value of $197,171.04.
  • On Monday, December 11th, Saba Capital Management, L.P. purchased 2,800 shares of BNY Mellon Municipal Income stock. The stock was acquired at an average cost of $6.41 per share, with a total value of $17,948.00.
  • On Friday, December 8th, Saba Capital Management, L.P. purchased 500 shares of BNY Mellon Municipal Income stock. The stock was acquired at an average cost of $6.39 per share, with a total value of $3,195.00.

BNY Mellon Municipal Income Price Performance

NYSE:DMF opened at $6.55 on Friday. BNY Mellon Municipal Income, Inc. has a 1 year low of $5.37 and a 1 year high of $6.66. The business has a fifty day moving average of $6.48 and a 200-day moving average of $6.14.

BNY Mellon Municipal Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Wednesday, February 14th will be paid a $0.015 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $0.18 annualized dividend and a dividend yield of 2.75%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DMF. Saba Capital Management L.P. lifted its holdings in shares of BNY Mellon Municipal Income by 66.7% in the third quarter. Saba Capital Management L.P. now owns 1,974,074 shares of the company’s stock valued at $11,193,000 after buying an additional 789,742 shares during the period. Bulldog Investors LLP acquired a new stake in shares of BNY Mellon Municipal Income in the second quarter valued at $1,851,000. Rivernorth Capital Management LLC lifted its holdings in shares of BNY Mellon Municipal Income by 95.5% in the first quarter. Rivernorth Capital Management LLC now owns 537,617 shares of the company’s stock valued at $3,994,000 after buying an additional 262,642 shares during the period. Robinson Capital Management LLC lifted its holdings in shares of BNY Mellon Municipal Income by 127.7% in the first quarter. Robinson Capital Management LLC now owns 356,514 shares of the company’s stock valued at $2,669,000 after buying an additional 199,956 shares during the period. Finally, Almitas Capital LLC lifted its holdings in shares of BNY Mellon Municipal Income by 132.7% in the third quarter. Almitas Capital LLC now owns 342,744 shares of the company’s stock valued at $1,943,000 after buying an additional 195,473 shares during the period.

About BNY Mellon Municipal Income

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for BNY Mellon Municipal Income (NYSE:DMF)

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