Avior Wealth Management LLC Reduces Stock Holdings in BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Avior Wealth Management LLC decreased its stake in BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 28.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,295 shares of the company’s stock after selling 2,055 shares during the quarter. Avior Wealth Management LLC’s holdings in BNY Mellon Municipal Income were worth $38,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. XTX Topco Ltd purchased a new position in shares of BNY Mellon Municipal Income in the 2nd quarter worth approximately $73,000. Sanctuary Advisors LLC purchased a new position in shares of BNY Mellon Municipal Income in the 2nd quarter worth approximately $219,000. Dakota Wealth Management boosted its holdings in shares of BNY Mellon Municipal Income by 18.4% in the 3rd quarter. Dakota Wealth Management now owns 90,026 shares of the company’s stock worth $658,000 after purchasing an additional 14,000 shares during the period. Finally, Rivernorth Capital Management LLC boosted its holdings in shares of BNY Mellon Municipal Income by 73.8% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,137,637 shares of the company’s stock worth $15,626,000 after purchasing an additional 907,457 shares during the period.

BNY Mellon Municipal Income Stock Performance

Shares of BNY Mellon Municipal Income stock opened at $7.12 on Thursday. The stock has a 50 day moving average price of $7.19 and a 200-day moving average price of $7.25. BNY Mellon Municipal Income, Inc. has a one year low of $6.49 and a one year high of $7.52.

BNY Mellon Municipal Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.019 per share. This represents a $0.23 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, January 15th.

About BNY Mellon Municipal Income

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.