PNC Financial Services Group Inc. Makes New $873,000 Investment in BNY Mellon Municipal Income, Inc. (NYSE:DMF)

PNC Financial Services Group Inc. bought a new position in shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 122,951 shares of the company’s stock, valued at approximately $873,000. PNC Financial Services Group Inc. owned about 0.59% of BNY Mellon Municipal Income as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in shares of BNY Mellon Municipal Income by 2.6% during the 4th quarter. Van ECK Associates Corp now owns 123,812 shares of the company’s stock valued at $879,000 after buying an additional 3,102 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of BNY Mellon Municipal Income by 21.5% during the 3rd quarter. XTX Topco Ltd now owns 12,328 shares of the company’s stock worth $90,000 after acquiring an additional 2,183 shares during the last quarter. Rivernorth Capital Management LLC grew its holdings in shares of BNY Mellon Municipal Income by 73.8% in the third quarter. Rivernorth Capital Management LLC now owns 2,137,637 shares of the company’s stock worth $15,626,000 after purchasing an additional 907,457 shares during the last quarter. Sanctuary Advisors LLC grew its stake in BNY Mellon Municipal Income by 30.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 43,072 shares of the company’s stock worth $314,000 after acquiring an additional 10,089 shares in the last quarter. Finally, Dakota Wealth Management raised its stake in shares of BNY Mellon Municipal Income by 11.2% during the fourth quarter. Dakota Wealth Management now owns 100,126 shares of the company’s stock valued at $711,000 after acquiring an additional 10,100 shares in the last quarter.

BNY Mellon Municipal Income Stock Performance

DMF stock opened at $7.20 on Tuesday. The business has a 50-day moving average price of $7.16 and a 200 day moving average price of $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 Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.019 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.23 dividend on an annualized basis and a yield of 3.17%.

BNY Mellon Municipal Income Profile

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.