Wolverine Asset Management LLC Makes New $727,000 Investment in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Wolverine Asset Management LLC acquired a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 70,557 shares of the company’s stock, valued at approximately $727,000.

A number of other hedge funds have also recently added to or reduced their stakes in DMB. Hennion & Walsh Asset Management Inc. bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 3rd quarter worth $2,106,000. Ackerman Capital Advisors LLC bought a new position in BNY Mellon Municipal Bond Infrastructure Fund during the 4th quarter worth $1,211,000. Van ECK Associates Corp increased its stake in BNY Mellon Municipal Bond Infrastructure Fund by 17.9% during the 3rd quarter. Van ECK Associates Corp now owns 114,923 shares of the company’s stock worth $1,140,000 after acquiring an additional 17,423 shares during the period. Simon Quick Advisors LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter valued at $118,000. Finally, Fiera Capital Corp increased its stake in shares of 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 valued at $5,369,000 after purchasing an additional 10,106 shares during the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Trading Down 0.3 %

Shares of DMB opened at $10.00 on Friday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 52-week low of $8.94 and a 52-week high of $11.79. The business’s fifty day moving average is $10.25 and its 200-day moving average is $10.07.

BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend

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

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.