Hennion & Walsh Asset Management Inc. Purchases 71,874 Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. $DMB

Hennion & Walsh Asset Management Inc. boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 91.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,878 shares of the company’s stock after acquiring an additional 71,874 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $1,658,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DMB. Guggenheim Capital LLC increased its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 22.1% in the second quarter. Guggenheim Capital LLC now owns 157,883 shares of the company’s stock worth $1,614,000 after purchasing an additional 28,564 shares during the period. Thomas J. Herzfeld Advisors Inc. bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter valued at approximately $238,000. Nomura Holdings Inc. bought a new stake in BNY Mellon Municipal Bond Infrastructure Fund during the 2nd quarter valued at approximately $102,000. B. Riley Wealth Advisors Inc. acquired a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter valued at approximately $227,000. Finally, Riverbridge Partners LLC grew its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 2.6% in the 3rd quarter. Riverbridge Partners LLC now owns 172,347 shares of the company’s stock valued at $1,844,000 after buying an additional 4,370 shares during the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Trading Up 0.9%

Shares of DMB stock opened at $10.64 on Thursday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 12 month low of $9.58 and a 12 month high of $11.28. The stock has a 50 day moving average of $10.94 and a 200-day moving average of $10.81.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 17th were given a dividend of $0.042 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 4.7%.

BNY Mellon Municipal Bond Infrastructure Fund Profile

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.