BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 220.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,992 shares of the investment management company’s stock after acquiring an additional 76,362 shares during the period. HighTower Advisors LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $689,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the 2nd quarter valued at about $240,000. Signature Estate & Investment Advisors LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the second quarter valued at approximately $94,000. Advisor OS LLC lifted 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 worth $125,000 after acquiring an additional 1,955 shares during the last quarter. AE Wealth Management LLC lifted its stake in BNY Mellon Strategic Municipal Bond Fund by 68.6% in the second 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 during the last quarter. Finally, Arbor Trust Wealth Advisors LLC acquired a new position in BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter worth approximately $77,000.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

Shares of DSM opened at $5.79 on Friday. The firm’s fifty day simple moving average is $6.05 and its 200-day simple moving average is $6.04. BNY Mellon Strategic Municipal Bond Fund, Inc. has a twelve month low of $5.54 and a twelve month high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.018 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Friday, December 13th.

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.