BNY Mellon Municipal Income, Inc. (NYSE:DMF) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 19.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,872 shares of the company’s stock after buying an additional 16,799 shares during the period. Bank of New York Mellon Corp owned approximately 0.50% of BNY Mellon Municipal Income worth $737,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. XTX Topco Ltd raised its position in shares of BNY Mellon Municipal Income by 21.5% during the third quarter. XTX Topco Ltd now owns 12,328 shares of the company’s stock worth $90,000 after purchasing an additional 2,183 shares during the period. Sanctuary Advisors LLC increased 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 purchasing an additional 10,089 shares in the last quarter. Dakota Wealth Management raised its holdings in BNY Mellon Municipal Income by 11.2% during the 4th quarter. Dakota Wealth Management now owns 100,126 shares of the company’s stock worth $711,000 after buying an additional 10,100 shares during the period. Van ECK Associates Corp boosted 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 worth $879,000 after buying an additional 3,102 shares during the period. Finally, Rivernorth Capital Management LLC increased its position 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 acquiring an additional 907,457 shares in the last quarter.

BNY Mellon Municipal Income Stock Performance

DMF stock opened at $7.23 on Thursday. BNY Mellon Municipal Income, Inc. has a 52-week low of $6.53 and a 52-week high of $7.52. The company’s 50 day simple moving average is $7.19 and its 200-day simple moving average is $7.23.

BNY Mellon Municipal Income Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 3.15%. The ex-dividend date of this dividend 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.