Capital Investment Advisors LLC Reduces Stock Position in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Capital Investment Advisors LLC reduced its holdings in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300,599 shares of the investment management company’s stock after selling 13,291 shares during the quarter. Capital Investment Advisors LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $1,746,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Pathstone Holdings LLC boosted its stake in BNY Mellon Strategic Municipal Bond Fund by 25.0% during the 3rd quarter. Pathstone Holdings LLC now owns 2,141,763 shares of the investment management company’s stock valued at $13,344,000 after acquiring an additional 428,411 shares during the last quarter. Almitas Capital LLC lifted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 144.1% during the second quarter. Almitas Capital LLC now owns 559,398 shares of the investment management company’s stock worth $3,323,000 after purchasing an additional 330,189 shares during the last quarter. Rivernorth Capital Management LLC grew its stake in BNY Mellon Strategic Municipal Bond Fund by 13.7% in the third quarter. Rivernorth Capital Management LLC now owns 1,666,877 shares of the investment management company’s stock worth $10,385,000 after purchasing an additional 201,105 shares in the last quarter. Whitebox Advisors LLC bought a new stake in BNY Mellon Strategic Municipal Bond Fund in the second quarter valued at about $985,000. Finally, HighTower Advisors LLC raised its stake in BNY Mellon Strategic Municipal Bond Fund by 220.5% during the third quarter. HighTower Advisors LLC now owns 110,992 shares of the investment management company’s stock valued at $689,000 after buying an additional 76,362 shares in the last quarter.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.2 %

Shares of DSM opened at $5.78 on Tuesday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 52 week low of $5.54 and a 52 week high of $6.38. The stock has a 50 day moving average of $5.96 and a 200-day moving average of $6.04.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.018 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Wednesday, January 15th.

About BNY Mellon Strategic Municipal Bond Fund

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.