Raymond James Financial Inc. Takes $845,000 Position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Raymond James Financial Inc. bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 81,659 shares of the company’s stock, valued at approximately $845,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rivernorth Capital Management LLC increased its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 4,237.3% during the third quarter. Rivernorth Capital Management LLC now owns 630,470 shares of the company’s stock valued at $7,036,000 after buying an additional 615,934 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 56.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 858,941 shares of the company’s stock worth $8,890,000 after purchasing an additional 309,335 shares in the last quarter. HighTower Advisors LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter worth $289,000. Janney Montgomery Scott LLC purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter worth about $237,000. Finally, Rockefeller Capital Management L.P. bought a new position in BNY Mellon Municipal Bond Infrastructure Fund in the third quarter worth about $223,000.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 0.3 %

Shares of BNY Mellon Municipal Bond Infrastructure Fund stock opened at $10.65 on Friday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 1 year low of $9.93 and a 1 year high of $11.28. The company has a 50-day moving average of $10.65 and a 200 day moving average of $10.71.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Wednesday, April 16th.

About BNY Mellon Municipal Bond Infrastructure Fund

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.