Lido Advisors LLC Makes New $1.35 Million Investment in BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Lido Advisors LLC acquired a new stake in BNY Mellon Municipal Income, Inc. (NYSE:DMF - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 190,614 shares of the company's stock, valued at approximately $1,353,000. Lido Advisors LLC owned about 0.92% of BNY Mellon Municipal Income at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Sit Investment Associates Inc. boosted its position in BNY Mellon Municipal Income by 33.0% in the 4th quarter. Sit Investment Associates Inc. now owns 3,000,682 shares of the company's stock valued at $21,305,000 after buying an additional 744,486 shares during the period. Van ECK Associates Corp increased its position in shares of BNY Mellon Municipal Income by 2.6% during the fourth quarter. Van ECK Associates Corp now owns 123,812 shares of the company's stock worth $879,000 after purchasing an additional 3,102 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in BNY Mellon Municipal Income during the 4th quarter worth $873,000. Bank of New York Mellon Corp lifted its position in BNY Mellon Municipal Income by 19.3% in the fourth quarter. Bank of New York Mellon Corp now owns 103,872 shares of the company's stock valued at $737,000 after purchasing an additional 16,799 shares during the period. Finally, Dakota Wealth Management grew its holdings in BNY Mellon Municipal Income by 11.2% during the fourth quarter. Dakota Wealth Management now owns 100,126 shares of the company's stock worth $711,000 after acquiring an additional 10,100 shares during the period.

BNY Mellon Municipal Income Stock Performance

Shares of DMF traded up $0.02 during trading hours on Wednesday, reaching $7.04. The company had a trading volume of 18,215 shares, compared to its average volume of 58,875. BNY Mellon Municipal Income, Inc. has a 12-month low of $6.72 and a 12-month high of $7.52. The firm has a 50 day simple moving average of $7.10 and a 200-day simple moving average of $7.16.

BNY Mellon Municipal Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 23rd. Investors of record on Wednesday, May 14th will be issued a dividend of $0.019 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.23 annualized dividend and a yield of 3.24%.

BNY Mellon Municipal Income Company Profile

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.