Sanctuary Advisors LLC Invests $219,000 in BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Sanctuary Advisors LLC bought a new stake in shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 32,983 shares of the company’s stock, valued at approximately $219,000. Sanctuary Advisors LLC owned approximately 0.16% of BNY Mellon Municipal Income at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Almitas Capital LLC lifted its stake in shares of BNY Mellon Municipal Income by 25.7% during the second quarter. Almitas Capital LLC now owns 791,104 shares of the company’s stock worth $5,688,000 after purchasing an additional 161,669 shares in the last quarter. Whitebox Advisors LLC lifted its position in BNY Mellon Municipal Income by 94.9% during the 2nd quarter. Whitebox Advisors LLC now owns 210,519 shares of the company’s stock worth $1,514,000 after acquiring an additional 102,527 shares in the last quarter. XTX Topco Ltd purchased a new position in BNY Mellon Municipal Income in the 2nd quarter worth approximately $73,000. Private Wealth Strategies L.L.C. grew its position in BNY Mellon Municipal Income by 0.6% in the second quarter. Private Wealth Strategies L.L.C. now owns 333,246 shares of the company’s stock valued at $2,396,000 after acquiring an additional 2,016 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of BNY Mellon Municipal Income during the second quarter valued at approximately $810,000.

BNY Mellon Municipal Income Price Performance

NYSE DMF opened at $7.34 on Monday. The company’s fifty day simple moving average is $7.33 and its 200-day simple moving average is $7.08. BNY Mellon Municipal Income, Inc. has a 52 week low of $5.37 and a 52 week high of $7.49.

BNY Mellon Municipal Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $0.019 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.23 dividend on an annualized basis and a yield of 3.11%.

Insider Buying and Selling at BNY Mellon Municipal Income

In other news, major shareholder Saba Capital Management, L.P. sold 220,866 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $7.36, for a total transaction of $1,625,573.76. Following the completion of the sale, the insider now directly owns 2,156,152 shares in the company, valued at $15,869,278.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

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.