Bulldog Investors LLP increased its stake in shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF - Free Report) by 64.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,588,137 shares of the company's stock after purchasing an additional 622,204 shares during the period. BNY Mellon Municipal Income accounts for about 3.0% of Bulldog Investors LLP's holdings, making the stock its 7th biggest position. Bulldog Investors LLP owned about 7.65% of BNY Mellon Municipal Income worth $11,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of DMF. Sit Investment Associates Inc. boosted its position in BNY Mellon Municipal Income by 33.0% during the fourth quarter. Sit Investment Associates Inc. now owns 3,000,682 shares of the company's stock worth $21,305,000 after acquiring an additional 744,486 shares during the last quarter. Lido Advisors LLC purchased a new position in BNY Mellon Municipal Income during the fourth quarter worth about $1,353,000. PNC Financial Services Group Inc. acquired a new stake in BNY Mellon Municipal Income in the 4th quarter worth about $873,000. Bank of New York Mellon Corp grew its holdings in BNY Mellon Municipal Income by 19.3% in the 4th quarter. Bank of New York Mellon Corp now owns 103,872 shares of the company's stock valued at $737,000 after buying an additional 16,799 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of BNY Mellon Municipal Income during the 4th quarter valued at about $89,000.
BNY Mellon Municipal Income Price Performance
Shares of DMF traded up $0.03 during mid-day trading on Friday, hitting $7.04. The company had a trading volume of 130,804 shares, compared to its average volume of 59,032. BNY Mellon Municipal Income, Inc. has a 1-year low of $6.72 and a 1-year high of $7.52. The business's 50-day simple moving average is $7.09 and its 200-day simple moving average is $7.15.
BNY Mellon Municipal Income Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.019 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.24%.
BNY Mellon Municipal Income Profile
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Free Report)
BNY Mellon Municipal Income, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations that are rated investment grade and have maturities of less than one year.
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