BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Position Reduced by Capital Market Strategies LLC

Capital Market Strategies LLC lowered its position in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 39.5% during the fourth quarter, Holdings Channel reports. The fund owned 17,219 shares of the investment management company’s stock after selling 11,240 shares during the quarter. Capital Market Strategies LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $100,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. MidWestOne Financial Group Inc. purchased a new stake in BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter worth about $76,000. Advisor OS LLC raised its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 10.3% in the 2nd quarter. Advisor OS LLC now owns 20,966 shares of the investment management company’s stock valued at $125,000 after acquiring an additional 1,955 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter worth approximately $149,000. AE Wealth Management LLC boosted its position in BNY Mellon Strategic Municipal Bond Fund by 68.6% during the second quarter. AE Wealth Management LLC now owns 26,550 shares of the investment management company’s stock worth $158,000 after purchasing an additional 10,800 shares during the period. Finally, Aviance Capital Partners LLC grew its holdings in BNY Mellon Strategic Municipal Bond Fund by 6.6% during the third quarter. Aviance Capital Partners LLC now owns 27,091 shares of the investment management company’s stock valued at $169,000 after purchasing an additional 1,669 shares during the last quarter.

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of BNY Mellon Strategic Municipal Bond Fund stock traded down $0.01 on Monday, reaching $5.85. The stock had a trading volume of 46,619 shares, compared to its average volume of 104,488. BNY Mellon Strategic Municipal Bond Fund, Inc. has a fifty-two week low of $5.54 and a fifty-two week high of $6.38. The business’s 50-day moving average price is $5.98 and its two-hundred day moving average price is $6.04.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.018 per share. This represents a $0.22 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Wednesday, January 15th.

BNY Mellon Strategic Municipal Bond Fund Company Profile

BNY Mellon Strategic Municipal Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from federal income tax.