BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB) Shares Down 1.5% – Time to Sell?

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)’s stock price fell 1.5% during trading on Thursday . The company traded as low as $10.87 and last traded at $10.9450. 64,439 shares traded hands during trading, an increase of 10% from the average session volume of 58,359 shares. The stock had previously closed at $11.11.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 1.5%

The stock has a 50-day moving average price of $10.81 and a two-hundred day moving average price of $10.86.

BNY Mellon Municipal Bond Infrastructure Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, May 18th. This is a positive change from BNY Mellon Municipal Bond Infrastructure Fund’s previous monthly dividend of $0.04. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter valued at about $55,000. Kestra Advisory Services LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth about $72,000. Triumph Capital Management purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the third quarter worth about $78,000. Nomura Holdings Inc. purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the second quarter worth about $102,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund in the first quarter worth about $125,000.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.

The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects.