MML Investors Services LLC Raises Holdings in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Posted by on Mar 4th, 2023

MML Investors Services LLC grew its position in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB – Get Rating) by 78.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,428 shares of the company’s stock after purchasing an additional 38,822 shares during the period. MML Investors Services LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $1,011,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the third quarter valued at about $168,000. AlphaCentric Advisors LLC purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the third quarter valued at about $57,000. Lincoln National Corp grew its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 50.7% during the third quarter. Lincoln National Corp now owns 22,835 shares of the company’s stock valued at $261,000 after purchasing an additional 7,681 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 12.3% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 36,625 shares of the company’s stock valued at $419,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 3.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 33,700 shares of the company’s stock valued at $385,000 after purchasing an additional 1,030 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.8 %

Shares of NYSE:DMB opened at $10.96 on Friday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 12 month low of $9.78 and a 12 month high of $14.78. The company has a 50-day moving average price of $11.00 and a 200 day moving average price of $11.44.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 17th were issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend was Thursday, February 16th.

BNY Mellon Municipal Bond Infrastructure Fund Profile

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BNY Mellon Municipal Bond Infrastructure Fund, Inc is a non-diversified closed-end management investment company. Its investment objective is to seek to provide as high a level of current income exempt from regular federal income tax as is consistent with the preservation of capital. The company was founded on April 26,2013 and is headquartered in New York,NY.

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Institutional Ownership by Quarter for BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB)

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