Hennion & Walsh Asset Management Inc. Reduces Position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Hennion & Walsh Asset Management Inc. decreased its position in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 0.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 407,752 shares of the company’s stock after selling 3,366 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $4,220,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 104.7% in the 3rd quarter. Avior Wealth Management LLC now owns 5,878 shares of the company’s stock valued at $66,000 after acquiring an additional 3,007 shares during the period. Rockefeller Capital Management L.P. purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth $223,000. B. Riley Wealth Advisors Inc. increased its stake in BNY Mellon Municipal Bond Infrastructure Fund by 44.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 25,460 shares of the company’s stock valued at $270,000 after purchasing an additional 7,800 shares during the period. HighTower Advisors LLC purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the third quarter valued at about $289,000. Finally, Almitas Capital LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the second quarter worth about $464,000.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

NYSE DMB opened at $10.46 on Thursday. The business’s 50-day moving average price is $10.63 and its 200 day moving average price is $10.78. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 52-week low of $9.93 and a 52-week high of $11.27.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Tuesday, January 21st will be issued a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Tuesday, January 21st.

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.