HighTower Advisors LLC Acquires 5,023 Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

HighTower Advisors LLC increased its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 19.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,994 shares of the company’s stock after purchasing an additional 5,023 shares during the period. HighTower Advisors LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $321,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC lifted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 38.9% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 56,332 shares of the company’s stock worth $583,000 after buying an additional 15,785 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the 4th quarter worth $845,000. Ackerman Capital Advisors LLC boosted its position in BNY Mellon Municipal Bond Infrastructure Fund by 5.4% during the fourth quarter. Ackerman Capital Advisors LLC now owns 161,892 shares of the company’s stock valued at $1,676,000 after purchasing an additional 8,295 shares in the last quarter. Wolverine Asset Management LLC grew its stake in BNY Mellon Municipal Bond Infrastructure Fund by 13.4% in the fourth quarter. Wolverine Asset Management LLC now owns 84,945 shares of the company’s stock valued at $879,000 after purchasing an additional 10,054 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 5.0% in the fourth quarter. Van ECK Associates Corp now owns 156,478 shares of the company’s stock worth $1,620,000 after purchasing an additional 7,507 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

DMB stock opened at $10.67 on Wednesday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a one year low of $9.93 and a one year high of $11.28. The firm has a 50-day simple moving average of $10.63 and a two-hundred day simple moving average of $10.72.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a $0.03 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.36 annualized dividend and a yield of 3.37%.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

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.