Logan Stone Capital LLC Purchases 33,059 Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB)

Logan Stone Capital LLC boosted its position in shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 10.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 338,372 shares of the company’s stock after purchasing an additional 33,059 shares during the period. BNY Mellon Municipal Bond Infrastructure Fund comprises about 1.2% of Logan Stone Capital LLC’s investment portfolio, making the stock its 12th biggest position. Logan Stone Capital LLC’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $3,502,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DMB. Avior Wealth Management LLC raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 19.2% in the fourth quarter. Avior Wealth Management LLC now owns 7,009 shares of the company’s stock worth $73,000 after acquiring an additional 1,131 shares during the last quarter. Shaker Financial Services LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth about $105,000. Two Sigma Securities LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth about $132,000. Janney Montgomery Scott LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth about $237,000. Finally, Arlington Capital Management Inc. raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 14.9% in the fourth quarter. Arlington Capital Management Inc. now owns 24,089 shares of the company’s stock worth $249,000 after acquiring an additional 3,131 shares during the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.5%

Shares of NYSE DMB opened at $10.32 on Monday. The company has a 50-day moving average of $10.32 and a two-hundred day moving average of $10.52. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 1-year low of $9.58 and a 1-year high of $11.28.

BNY Mellon Municipal Bond Infrastructure Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a dividend of $0.038 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.42%. This is an increase from BNY Mellon Municipal Bond Infrastructure Fund’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Friday, May 16th.

About BNY Mellon Municipal Bond Infrastructure Fund

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.