Wolverine Asset Management LLC Raises Holdings in BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Wolverine Asset Management LLC increased its position in BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 503.0% in the 4th quarter, Holdings Channel reports. The firm owned 18,151 shares of the company’s stock after buying an additional 15,141 shares during the period. Wolverine Asset Management LLC’s holdings in BNY Mellon Municipal Income were worth $118,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in DMF. Blue Bell Private Wealth Management LLC purchased a new stake in BNY Mellon Municipal Income in the 4th quarter valued at $34,000. Capital Investment Advisors LLC increased its stake in BNY Mellon Municipal Income by 2.4% in the fourth quarter. Capital Investment Advisors LLC now owns 165,100 shares of the company’s stock valued at $1,073,000 after purchasing an additional 3,810 shares during the period. Almitas Capital LLC raised 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 last quarter. AQR Arbitrage LLC boosted its stake in shares of BNY Mellon Municipal Income by 46.8% during the third quarter. AQR Arbitrage LLC now owns 262,246 shares of the company’s stock worth $1,487,000 after buying an additional 83,580 shares during the period. Finally, Saba Capital Management L.P. grew its holdings in shares of BNY Mellon Municipal Income by 66.7% during the third quarter. Saba Capital Management L.P. now owns 1,974,074 shares of the company’s stock worth $11,193,000 after buying an additional 789,742 shares during the last quarter.

Insider Buying and Selling at BNY Mellon Municipal Income

In other news, major shareholder Saba Capital Management, L.P. bought 20,410 shares of the stock in a transaction dated Tuesday, March 19th. The shares were acquired at an average price of $6.75 per share, with a total value of $137,767.50. Following the completion of the acquisition, the insider now directly owns 2,377,018 shares in the company, valued at $16,044,871.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have bought 68,143 shares of company stock valued at $449,600. 1.00% of the stock is owned by company insiders.

BNY Mellon Municipal Income Stock Up 0.8 %

DMF opened at $6.64 on Monday. BNY Mellon Municipal Income, Inc. has a 52 week low of $5.37 and a 52 week high of $6.83. The business has a 50 day moving average price of $6.68 and a two-hundred day moving average price of $6.39.

BNY Mellon Municipal Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 12th will be given a $0.015 dividend. The ex-dividend date is Thursday, April 11th. This represents a $0.18 dividend on an annualized basis and a yield of 2.71%.

BNY Mellon Municipal Income Profile

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.