Thomas J. Herzfeld Advisors Inc. Sells 1,969 Shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Thomas J. Herzfeld Advisors Inc. cut its position in BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,732 shares of the company’s stock after selling 1,969 shares during the quarter. Thomas J. Herzfeld Advisors Inc. owned about 0.44% of BNY Mellon Municipal Income worth $651,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DMF. Rivernorth Capital Management LLC raised its stake in BNY Mellon Municipal Income by 84.1% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,265,296 shares of the company’s stock valued at $16,559,000 after acquiring an additional 1,035,116 shares during the period. PNC Financial Services Group Inc. purchased a new position in shares of BNY Mellon Municipal Income in the fourth quarter worth about $873,000. Bank of New York Mellon Corp raised its position in shares of 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. Dakota Wealth Management lifted its stake in shares of BNY Mellon Municipal Income by 11.2% during the 4th quarter. Dakota Wealth Management now owns 100,126 shares of the company’s stock valued at $711,000 after buying an additional 10,100 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of BNY Mellon Municipal Income by 30.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 43,072 shares of the company’s stock valued at $314,000 after buying an additional 10,089 shares in the last quarter.

BNY Mellon Municipal Income Trading Up 0.1 %

BNY Mellon Municipal Income stock opened at $7.18 on Tuesday. The firm has a 50 day simple moving average of $7.19 and a 200 day simple moving average of $7.22. BNY Mellon Municipal Income, Inc. has a 1-year low of $6.53 and a 1-year high of $7.52.

BNY Mellon Municipal Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be given a $0.019 dividend. This represents a $0.23 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Monday, April 14th.

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.