Capital Investment Advisors LLC Has $711,000 Stake in BNY Mellon Municipal Income, Inc. (NYSE:DMF)

Capital Investment Advisors LLC decreased its stake in shares of BNY Mellon Municipal Income, Inc. (NYSE:DMF) by 7.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 73,817 shares of the company’s stock after selling 6,074 shares during the period. Capital Investment Advisors LLC’s holdings in BNY Mellon Municipal Income were worth $711,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in BNY Mellon Municipal Income by 5.8% in the 2nd quarter. Wells Fargo & Company MN now owns 74,187 shares of the company’s stock valued at $690,000 after purchasing an additional 4,044 shares during the period. Cedar Brook Financial Partners LLC acquired a new stake in BNY Mellon Municipal Income in the 2nd quarter valued at $96,000. Bellwether Advisors LLC acquired a new stake in BNY Mellon Municipal Income in the 2nd quarter valued at $28,000. Van ECK Associates Corp grew its position in BNY Mellon Municipal Income by 16.8% in the 2nd quarter. Van ECK Associates Corp now owns 107,591 shares of the company’s stock valued at $1,002,000 after purchasing an additional 15,452 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in BNY Mellon Municipal Income in the 2nd quarter valued at $107,000. 12.71% of the stock is owned by institutional investors.

NYSE DMF opened at $8.81 on Thursday. The company has a fifty day simple moving average of $9.34. BNY Mellon Municipal Income, Inc. has a 12-month low of $8.48 and a 12-month high of $9.97.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 30th. Shareholders of record on Monday, November 15th will be issued a dividend of $0.029 per share. This represents a $0.35 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Friday, November 12th.

BNY Mellon Municipal Income Profile

BNY Mellon Municipal Income, Inc engages in the provision of access to equity, fixed income and money market mutual funds, separately managed accounts, retirement and cash management strategies, and asset allocation solutions. The company was founded in 1947 and is headquartered in New York, NY.

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Institutional Ownership by Quarter for BNY Mellon Municipal Income (NYSE:DMF)

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