Sit Investment Associates Inc. Acquires 744,486 Shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Sit Investment Associates Inc. increased its holdings in shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF - Free Report) by 33.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,000,682 shares of the company's stock after acquiring an additional 744,486 shares during the period. Sit Investment Associates Inc. owned about 14.45% of BNY Mellon Municipal Income worth $21,305,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DMF. PNC Financial Services Group Inc. bought a new stake in shares of BNY Mellon Municipal Income during the fourth quarter worth $873,000. Van ECK Associates Corp increased its stake in BNY Mellon Municipal Income by 2.6% in the 4th quarter. Van ECK Associates Corp now owns 123,812 shares of the company's stock worth $879,000 after buying an additional 3,102 shares during the period. XTX Topco Ltd boosted its position 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 valued at $90,000 after buying an additional 2,183 shares during the period. Bank of New York Mellon Corp grew its stake 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 worth $737,000 after acquiring an additional 16,799 shares in the last quarter. Finally, Sanctuary Advisors LLC increased 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 period.

BNY Mellon Municipal Income Stock Performance

Shares of BNY Mellon Municipal Income stock traded down $0.15 on Thursday, hitting $6.78. 17,324 shares of the company traded hands, compared to its average volume of 57,810. The stock's 50 day moving average price is $7.18 and its 200-day moving average price is $7.21. BNY Mellon Municipal Income, Inc. has a 52 week low of $6.53 and a 52 week high of $7.52.

BNY Mellon Municipal Income Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be paid a dividend of $0.019 per share. The ex-dividend date is Monday, April 14th. This represents a $0.23 annualized dividend and a dividend yield of 3.37%.

BNY Mellon Municipal Income 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.