Park Avenue Securities LLC Has $949,000 Stock Holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Park Avenue Securities LLC reduced its stake in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 152,399 shares of the investment management company’s stock after selling 6,753 shares during the quarter. Park Avenue Securities LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $949,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DSM. Almitas Capital LLC lifted its position in 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 period. Whitebox Advisors LLC bought a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter worth approximately $985,000. AE Wealth Management LLC boosted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 68.6% during the 2nd quarter. AE Wealth Management LLC now owns 26,550 shares of the investment management company’s stock worth $158,000 after acquiring an additional 10,800 shares in the last quarter. Advisor OS LLC increased its stake in BNY Mellon Strategic Municipal Bond Fund by 10.3% in the second 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 during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its position in BNY Mellon Strategic Municipal Bond Fund by 197.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 41,405 shares of the investment management company’s stock valued at $246,000 after purchasing an additional 27,506 shares in the last quarter.

BNY Mellon Strategic Municipal Bond Fund Stock Up 0.3 %

Shares of DSM stock opened at $6.20 on Thursday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $6.38. The stock’s fifty day moving average price is $6.16 and its two-hundred day moving average price is $5.91.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a $0.018 dividend. This represents a $0.22 annualized dividend and a yield of 3.48%. The ex-dividend date is Tuesday, October 15th.

BNY Mellon Strategic Municipal Bond Fund 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.