BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Shares Up 0.3% – Should You Buy?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) shares rose 0.3% during mid-day trading on Monday . The company traded as high as $10.60 and last traded at $10.5530. Approximately 92,108 shares were traded during trading, an increase of 44% from the average daily volume of 63,916 shares. The stock had previously closed at $10.52.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

The company’s fifty day moving average is $10.69 and its 200 day moving average is $10.30.

BNY Mellon Municipal Bond Infrastructure Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 19th will be paid a $0.042 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. This is a boost from BNY Mellon Municipal Bond Infrastructure Fund’s previous monthly dividend of $0.04.

Institutional Trading of BNY Mellon Municipal Bond Infrastructure Fund

A number of institutional investors have recently added to or reduced their stakes in DMB. Allworth Financial LP purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at about $41,000. Triumph Capital Management purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the third quarter worth about $78,000. Plancorp LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the second quarter valued at about $102,000. Nomura Holdings Inc. purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter valued at about $102,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter valued at about $227,000.

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.