Avior Wealth Management LLC Has $54,000 Stock Holdings in BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Avior Wealth Management LLC lowered its position in shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 47.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,350 shares of the company’s stock after selling 6,552 shares during the quarter. Avior Wealth Management LLC’s holdings in BNY Mellon Municipal Income were worth $54,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Private Wealth Strategies L.L.C. lifted its holdings in shares of BNY Mellon Municipal Income by 0.6% during the second quarter. Private Wealth Strategies L.L.C. now owns 333,246 shares of the company’s stock worth $2,396,000 after buying an additional 2,016 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of BNY Mellon Municipal Income during the second quarter worth $73,000. Dakota Wealth Management lifted its holdings in shares of BNY Mellon Municipal Income by 18.4% during the third quarter. Dakota Wealth Management now owns 90,026 shares of the company’s stock worth $658,000 after buying an additional 14,000 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of BNY Mellon Municipal Income during the second quarter worth $219,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of BNY Mellon Municipal Income during the second quarter worth $373,000.

Insider Activity at BNY Mellon Municipal Income

In related news, major shareholder Saba Capital Management, L.P. sold 220,866 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $7.36, for a total value of $1,625,573.76. Following the completion of the transaction, the insider now owns 2,156,152 shares of the company’s stock, valued at $15,869,278.72. The trade was a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by insiders.

BNY Mellon Municipal Income Stock Up 0.8 %

DMF stock opened at $7.28 on Monday. The business has a 50-day simple moving average of $7.27 and a 200 day simple moving average of $7.18. BNY Mellon Municipal Income, Inc. has a 52 week low of $6.13 and a 52 week high of $7.49.

BNY Mellon Municipal Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.019 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Friday, November 15th.

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.