57,190 Shares in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Acquired by Invesco Ltd.

Invesco Ltd. acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 57,190 shares of the company’s stock, valued at approximately $592,000.

A number of other hedge funds have also modified their holdings of DMB. Avior Wealth Management LLC lifted its position in BNY Mellon Municipal Bond Infrastructure Fund by 19.2% during the 4th quarter. Avior Wealth Management LLC now owns 7,009 shares of the company’s stock worth $73,000 after acquiring an additional 1,131 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter worth approximately $237,000. Arlington Capital Management Inc. lifted its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 14.9% during the fourth quarter. Arlington Capital Management Inc. now owns 24,089 shares of the company’s stock worth $249,000 after purchasing an additional 3,131 shares during the period. HighTower Advisors LLC grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 19.3% in the 4th quarter. HighTower Advisors LLC now owns 30,994 shares of the company’s stock valued at $321,000 after buying an additional 5,023 shares during the last quarter. Finally, Melfa Wealth Management Inc. increased its stake in BNY Mellon Municipal Bond Infrastructure Fund by 79.1% in the 4th quarter. Melfa Wealth Management Inc. now owns 33,972 shares of the company’s stock valued at $352,000 after buying an additional 15,000 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

DMB stock opened at $10.15 on Friday. The company has a fifty day moving average of $10.38 and a 200-day moving average of $10.54. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a one year low of $9.58 and a one year high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a $0.038 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Friday, May 16th. This is a positive change from BNY Mellon Municipal Bond Infrastructure Fund’s previous monthly dividend of $0.03.

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.