Sanctuary Advisors LLC Trims Stock Position in BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Sanctuary Advisors LLC lessened its holdings in BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,374 shares of the company’s stock after selling 2,698 shares during the period. Sanctuary Advisors LLC owned 0.19% of BNY Mellon Municipal Income worth $288,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Rivernorth Capital Management LLC lifted its holdings in shares of BNY Mellon Municipal Income by 84.1% in the third quarter. Rivernorth Capital Management LLC now owns 2,265,296 shares of the company’s stock valued at $16,559,000 after purchasing an additional 1,035,116 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of BNY Mellon Municipal Income by 2.6% in the fourth quarter. Van ECK Associates Corp now owns 123,812 shares of the company’s stock valued at $879,000 after purchasing an additional 3,102 shares in the last quarter. Dakota Wealth Management lifted its holdings in shares of BNY Mellon Municipal Income by 11.2% in the fourth quarter. Dakota Wealth Management now owns 100,126 shares of the company’s stock valued at $711,000 after purchasing an additional 10,100 shares in the last quarter. Finally, XTX Topco Ltd lifted its holdings in shares of BNY Mellon Municipal Income by 21.5% in the third quarter. XTX Topco Ltd now owns 12,328 shares of the company’s stock valued at $90,000 after purchasing an additional 2,183 shares in the last quarter.

BNY Mellon Municipal Income Price Performance

Shares of DMF opened at $7.17 on Wednesday. The company’s 50 day simple moving average is $7.13 and its 200 day simple moving average is $7.23. BNY Mellon Municipal Income, Inc. has a 1 year low of $6.53 and a 1 year high of $7.52.

BNY Mellon Municipal Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.019 per share. This represents a $0.23 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Friday, March 14th.

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.