XTX Topco Ltd Purchases 2,183 Shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF)

XTX Topco Ltd grew its position in shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 21.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,328 shares of the company’s stock after acquiring an additional 2,183 shares during the period. XTX Topco Ltd owned about 0.06% of BNY Mellon Municipal Income worth $90,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new position in BNY Mellon Municipal Income during the 2nd quarter valued at approximately $219,000. Bank of New York Mellon Corp purchased a new position in shares of BNY Mellon Municipal Income during the second quarter valued at approximately $373,000. Dakota Wealth Management raised its holdings in shares of BNY Mellon Municipal Income by 18.4% during the third quarter. Dakota Wealth Management now owns 90,026 shares of the company’s stock valued at $658,000 after acquiring an additional 14,000 shares in the last quarter. Rothschild Investment LLC purchased a new stake in BNY Mellon Municipal Income in the second quarter worth $810,000. Finally, Whitebox Advisors LLC boosted its holdings in BNY Mellon Municipal Income by 94.9% in the second quarter. Whitebox Advisors LLC now owns 210,519 shares of the company’s stock valued at $1,514,000 after acquiring an additional 102,527 shares in the last quarter.

BNY Mellon Municipal Income Price Performance

Shares of BNY Mellon Municipal Income stock opened at $7.02 on Friday. The company’s fifty day simple moving average is $7.27 and its two-hundred day simple moving average is $7.24. BNY Mellon Municipal Income, Inc. has a 12-month low of $6.40 and a 12-month high of $7.52.

BNY Mellon Municipal Income Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.019 per share. This represents a $0.23 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, December 13th.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 220,866 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $7.36, for a total value of $1,625,573.76. Following the sale, the insider now directly owns 2,156,152 shares of the company’s stock, valued at $15,869,278.72. This represents a 9.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.

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.