Raymond James & Associates Decreases Stock Position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Raymond James & Associates reduced its position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 127,352 shares of the company’s stock after selling 16,805 shares during the period. Raymond James & Associates’ holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $1,313,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 36.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,660 shares of the company’s stock worth $176,000 after purchasing an additional 4,670 shares during the period. Royal Bank of Canada grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 219.4% in the 3rd quarter. Royal Bank of Canada now owns 74,121 shares of the company’s stock worth $735,000 after purchasing an additional 50,917 shares during the period. Samalin Investment Counsel LLC grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 34.3% in the 3rd quarter. Samalin Investment Counsel LLC now owns 20,446 shares of the company’s stock worth $203,000 after purchasing an additional 5,221 shares during the period. LPL Financial LLC grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 3.8% in the 3rd quarter. LPL Financial LLC now owns 117,153 shares of the company’s stock worth $1,162,000 after purchasing an additional 4,319 shares during the period. Finally, Fiera Capital Corp grew its position in BNY Mellon Municipal Bond Infrastructure Fund by 1.9% in the 3rd quarter. Fiera Capital Corp now owns 541,217 shares of the company’s stock worth $5,369,000 after purchasing an additional 10,106 shares during the period.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

Shares of DMB stock opened at $9.99 on Friday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 1 year low of $8.94 and a 1 year high of $11.79. The firm has a fifty day moving average price of $10.27 and a 200-day moving average price of $10.07.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 17th will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Tuesday, April 16th.

BNY Mellon Municipal Bond Infrastructure Fund 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.