BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Shares Sold by ProVise Management Group LLC

ProVise Management Group LLC trimmed its stake in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 16.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,801 shares of the company’s stock after selling 9,093 shares during the quarter. ProVise Management Group LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $464,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 56.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 858,941 shares of the company’s stock worth $8,890,000 after acquiring an additional 309,335 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 5.0% in the fourth quarter. Van ECK Associates Corp now owns 156,478 shares of the company’s stock worth $1,620,000 after acquiring an additional 7,507 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth $237,000. Rockefeller Capital Management L.P. acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the third quarter worth $223,000. Finally, HighTower Advisors LLC acquired a new position in BNY Mellon Municipal Bond Infrastructure Fund in the third quarter valued at $289,000.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 0.3 %

BNY Mellon Municipal Bond Infrastructure Fund stock opened at $10.65 on Thursday. The stock has a fifty day moving average price of $10.58 and a 200 day moving average price of $10.74. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 52 week low of $9.93 and a 52 week high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.36 annualized dividend and a yield of 3.38%.

BNY Mellon Municipal Bond Infrastructure Fund Profile

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.