BNY Mellon Municipal Income, Inc. (NYSE:DMF) Shares Sold by Rothschild Investment LLC

Rothschild Investment LLC lessened its stake in shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 35.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,700 shares of the company’s stock after selling 40,000 shares during the quarter. Rothschild Investment LLC owned about 0.35% of BNY Mellon Municipal Income worth $516,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DMF. Rivernorth Capital Management LLC boosted its stake in shares of BNY Mellon Municipal Income by 84.1% during the third 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 last quarter. Van ECK Associates Corp boosted its stake in shares of BNY Mellon Municipal Income by 2.6% during the 4th 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 during the last quarter. Dakota Wealth Management boosted 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 worth $711,000 after purchasing an additional 10,100 shares during the last quarter. Sanctuary Advisors LLC grew its holdings 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 buying an additional 10,089 shares in the last quarter. Finally, XTX Topco Ltd raised its position in shares of BNY Mellon Municipal Income by 21.5% in the third 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 last quarter.

BNY Mellon Municipal Income Stock Performance

Shares of NYSE DMF opened at $7.19 on Wednesday. BNY Mellon Municipal Income, Inc. has a 1 year low of $6.53 and a 1 year high of $7.52. The firm’s 50 day moving average price is $7.11 and its 200 day moving average price is $7.24.

BNY Mellon Municipal Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.019 per share. This represents a $0.23 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, February 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.