1607 Capital Partners LLC lessened its holdings in BNY Mellon Municipal Income, Inc. (NYSE:DMF - Free Report) by 55.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 147,316 shares of the company's stock after selling 180,282 shares during the period. 1607 Capital Partners LLC owned 0.71% of BNY Mellon Municipal Income worth $1,046,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. XTX Topco Ltd lifted its holdings in BNY Mellon Municipal Income by 21.5% in the 3rd quarter. XTX Topco Ltd now owns 12,328 shares of the company's stock worth $90,000 after purchasing an additional 2,183 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of BNY Mellon Municipal Income by 30.6% during the third quarter. Sanctuary Advisors LLC now owns 43,072 shares of the company's stock worth $314,000 after acquiring an additional 10,089 shares during the last quarter. Dakota Wealth Management grew its stake 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 valued at $711,000 after acquiring an additional 10,100 shares in the last quarter. Bank of New York Mellon Corp increased 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 acquiring an additional 16,799 shares during the last quarter. Finally, PNC Financial Services Group Inc. purchased a new stake in BNY Mellon Municipal Income in the 4th quarter worth $873,000.
BNY Mellon Municipal Income Price Performance
Shares of BNY Mellon Municipal Income stock remained flat at $6.88 during trading on Tuesday. The stock had a trading volume of 1,402 shares, compared to its average volume of 57,192. BNY Mellon Municipal Income, Inc. has a 52-week low of $6.53 and a 52-week high of $7.52. The firm's 50-day moving average price is $7.14 and its two-hundred day moving average price is $7.18.
BNY Mellon Municipal Income Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be given a $0.019 dividend. This represents a $0.23 annualized dividend and a yield of 3.31%. The ex-dividend date is Monday, April 14th.
BNY Mellon Municipal Income Company Profile
(
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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