Raymond James & Associates Sells 5,239 Shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF)

Raymond James & Associates lowered its stake in shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,111 shares of the company’s stock after selling 5,239 shares during the quarter. Raymond James & Associates’ holdings in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund were worth $906,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Shaker Financial Services LLC grew its position in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 54.4% during the third quarter. Shaker Financial Services LLC now owns 33,936 shares of the company’s stock valued at $263,000 after buying an additional 11,957 shares during the period. Virtus ETF Advisers LLC grew its position in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 89.2% during the third quarter. Virtus ETF Advisers LLC now owns 65,093 shares of the company’s stock valued at $505,000 after buying an additional 30,688 shares during the period. Atlas Wealth LLC grew its position in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 27.8% during the third quarter. Atlas Wealth LLC now owns 210,760 shares of the company’s stock valued at $1,635,000 after buying an additional 45,794 shares during the period. Thomas J. Herzfeld Advisors Inc. grew its position in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 193.3% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 212,500 shares of the company’s stock valued at $1,649,000 after buying an additional 140,038 shares during the period. Finally, Heron Bay Capital Management grew its position in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 115.3% during the fourth quarter. Heron Bay Capital Management now owns 739,920 shares of the company’s stock valued at $6,030,000 after buying an additional 396,245 shares during the period.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Stock Performance

DCF opened at $8.50 on Tuesday. The firm has a 50-day moving average of $8.52 and a 200 day moving average of $8.20. BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $8.74.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.42 dividend on an annualized basis and a yield of 4.94%.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Profile

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc operates as a closed-end investment fund. The fund’s investment objective is to seek high current income and to invest in credit instruments and other investments. The company is headquartered in New York, NY.