Janney Montgomery Scott LLC Buys Shares of 22,942 BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Janney Montgomery Scott LLC bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 22,942 shares of the company’s stock, valued at approximately $237,000.

Several other institutional investors also recently bought and sold shares of the company. Melfa Wealth Management Inc. boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 79.1% in the fourth quarter. Melfa Wealth Management Inc. now owns 33,972 shares of the company’s stock valued at $352,000 after acquiring an additional 15,000 shares in the last quarter. Rivernorth Capital Management LLC lifted 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 worth $7,036,000 after buying an additional 615,934 shares during the period. Whitebox Advisors LLC lifted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 5.2% during the third quarter. Whitebox Advisors LLC now owns 125,910 shares of the company’s stock worth $1,405,000 after buying an additional 6,269 shares during the period. HighTower Advisors LLC acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the third quarter worth $289,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the third quarter worth $223,000.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 1.5 %

NYSE:DMB opened at $10.54 on Thursday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 12 month low of $9.93 and a 12 month high of $11.27. The firm has a fifty day simple moving average of $10.50 and a 200-day simple moving average of $10.76.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, February 19th. This represents a $0.36 annualized dividend and a dividend yield of 3.42%.

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.