Citadel Advisors LLC Invests $89,000 in BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Citadel Advisors LLC acquired a new position in shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,566 shares of the company’s stock, valued at approximately $89,000. Citadel Advisors LLC owned 0.06% of BNY Mellon Municipal Income at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in BNY Mellon Municipal Income by 2.6% during the 4th quarter. Van ECK Associates Corp now owns 123,812 shares of the company’s stock worth $879,000 after purchasing an additional 3,102 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in BNY Mellon Municipal Income by 19.3% in the 4th quarter. Bank of New York Mellon Corp now owns 103,872 shares of the company’s stock valued at $737,000 after buying an additional 16,799 shares during the period. PNC Financial Services Group Inc. purchased a new stake in BNY Mellon Municipal Income in the 4th quarter valued at about $873,000. Sit Investment Associates Inc. grew its position in BNY Mellon Municipal Income by 33.0% in the 4th quarter. Sit Investment Associates Inc. now owns 3,000,682 shares of the company’s stock valued at $21,305,000 after acquiring an additional 744,486 shares in the last quarter. Finally, Lido Advisors LLC acquired a new position in BNY Mellon Municipal Income in the 4th quarter valued at about $1,353,000.

BNY Mellon Municipal Income Stock Down 0.7%

NYSE DMF opened at $6.92 on Tuesday. BNY Mellon Municipal Income, Inc. has a 1-year low of $6.72 and a 1-year high of $7.52. The stock has a 50-day moving average of $6.97 and a two-hundred day moving average of $7.12.

BNY Mellon Municipal Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a $0.078 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 13.53%. This is an increase from BNY Mellon Municipal Income’s previous monthly dividend of $0.02. The ex-dividend date is Monday, June 9th.

About BNY Mellon Municipal Income

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.