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

Raymond James & Associates decreased its stake in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 11.7% during the 4th quarter, Holdings Channel reports. The firm owned 127,352 shares of the company’s stock after selling 16,805 shares during the quarter. Raymond James & Associates’ holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $1,313,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Captrust Financial Advisors acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at about $33,000. JPMorgan Chase & Co. acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter valued at about $46,000. Simon Quick Advisors LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the third quarter valued at about $118,000. Private Advisor Group LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the first quarter valued at about $121,000. Finally, Walleye Capital LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the first quarter valued at about $125,000.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of NYSE DMB opened at $9.99 on Friday. The company’s 50-day simple moving average is $10.27 and its 200-day simple moving average is $10.07. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 52-week low of $8.94 and a 52-week high of $11.79.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 17th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a $0.36 dividend on an annualized basis and a yield of 3.60%.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in the tax-exempt investment grade debt obligations issued by or on behalf of states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies or authorities, and certain other specified securities.