Guggenheim Capital LLC Has $1.67 Million Position in BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Posted by on Mar 5th, 2023

Guggenheim Capital LLC grew its holdings in BNY Mellon Municipal Income, Inc. (NYSE:DMF – Get Rating) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 277,268 shares of the company’s stock after purchasing an additional 36,981 shares during the quarter. Guggenheim Capital LLC owned about 1.34% of BNY Mellon Municipal Income worth $1,667,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in DMF. Rivernorth Capital Management LLC grew its position in shares of BNY Mellon Municipal Income by 95.5% in the first quarter. Rivernorth Capital Management LLC now owns 537,617 shares of the company’s stock valued at $3,994,000 after purchasing an additional 262,642 shares during the last quarter. Robinson Capital Management LLC grew its position in BNY Mellon Municipal Income by 127.7% during the first quarter. Robinson Capital Management LLC now owns 356,514 shares of the company’s stock worth $2,669,000 after buying an additional 199,956 shares in the last quarter. Moors & Cabot Inc. grew its position in BNY Mellon Municipal Income by 84.9% during the second quarter. Moors & Cabot Inc. now owns 141,000 shares of the company’s stock worth $952,000 after buying an additional 64,750 shares in the last quarter. UBS Group AG grew its position in BNY Mellon Municipal Income by 34.6% during the second quarter. UBS Group AG now owns 139,047 shares of the company’s stock worth $939,000 after buying an additional 35,765 shares in the last quarter. Finally, LPL Financial LLC grew its position in BNY Mellon Municipal Income by 158.1% during the second quarter. LPL Financial LLC now owns 56,953 shares of the company’s stock worth $384,000 after buying an additional 34,886 shares in the last quarter. 19.29% of the stock is owned by institutional investors and hedge funds.

BNY Mellon Municipal Income Price Performance

DMF stock opened at $6.18 on Friday. BNY Mellon Municipal Income, Inc. has a twelve month low of $5.75 and a twelve month high of $8.01. The business’s 50-day simple moving average is $6.44 and its 200 day simple moving average is $6.36.

BNY Mellon Municipal Income Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, March 31st. Investors of record on Thursday, March 16th will be given a dividend of $0.015 per share. This represents a $0.18 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, March 15th.

BNY Mellon Municipal Income Company Profile

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BNY Mellon Municipal Income, Inc engages in the provision of access to equity, fixed income and money market mutual funds, separately managed accounts, retirement and cash management strategies, and asset allocation solutions. The company was founded in 1947 and is headquartered in New York, NY.

See Also

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Institutional Ownership by Quarter for BNY Mellon Municipal Income (NYSE:DMF)

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