Capital Investment Advisors LLC Buys 23,589 Shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Capital Investment Advisors LLC boosted its stake in shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF – Get Rating) by 26.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,356 shares of the company’s stock after purchasing an additional 23,589 shares during the quarter. Capital Investment Advisors LLC owned about 0.54% of BNY Mellon Municipal Income worth $703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Sawtooth Solutions LLC purchased a new position in shares of BNY Mellon Municipal Income in the third quarter worth about $66,000. Worth Asset Management LLC purchased a new position in BNY Mellon Municipal Income during the first quarter valued at approximately $87,000. Thrivent Financial for Lutherans raised its position in BNY Mellon Municipal Income by 20.1% during the third quarter. Thrivent Financial for Lutherans now owns 15,290 shares of the company’s stock valued at $92,000 after acquiring an additional 2,556 shares in the last quarter. Landscape Capital Management L.L.C. raised its position in BNY Mellon Municipal Income by 20.8% during the third quarter. Landscape Capital Management L.L.C. now owns 16,956 shares of the company’s stock valued at $102,000 after acquiring an additional 2,923 shares in the last quarter. Finally, Raymond James & Associates raised its position in BNY Mellon Municipal Income by 12.2% during the third quarter. Raymond James & Associates now owns 18,760 shares of the company’s stock valued at $113,000 after acquiring an additional 2,044 shares in the last quarter. Institutional investors and hedge funds own 19.29% of the company’s stock.

BNY Mellon Municipal Income Stock Performance

BNY Mellon Municipal Income stock opened at $6.37 on Friday. BNY Mellon Municipal Income, Inc. has a 12 month low of $5.75 and a 12 month high of $7.63. The business has a 50 day simple moving average of $6.43 and a 200-day simple moving average of $6.32.

BNY Mellon Municipal Income Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, March 16th will be paid a dividend of $0.015 per share. This represents a $0.18 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, March 15th.

About BNY Mellon Municipal Income

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BNY Mellon Municipal Income, Inc engages in the provision of access to equity, fixed income and money market mutual funds, separately managed accounts, retirement and cash management strategies, and asset allocation solutions. The company was founded in 1947 and is headquartered in New York, NY.