Aviance Capital Partners LLC Increases Stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Aviance Capital Partners LLC grew its stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 78.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,246 shares of the investment management company’s stock after purchasing an additional 8,923 shares during the period. Aviance Capital Partners LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $119,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Indie Asset Partners LLC purchased a new stake in BNY Mellon Strategic Municipal Bond Fund during the fourth quarter worth $62,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 4th quarter valued at about $63,000. Park National Corp OH purchased a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the 4th quarter valued at about $63,000. Kingswood Wealth Advisors LLC purchased a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the 4th quarter valued at about $81,000. Finally, Almitas Capital LLC purchased a new position in BNY Mellon Strategic Municipal Bond Fund during the third quarter worth approximately $80,000.

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of DSM opened at $5.86 on Tuesday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 12 month low of $4.69 and a 12 month high of $5.94. The stock’s 50 day moving average is $5.76 and its two-hundred day moving average is $5.74.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a $0.018 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.22 dividend on an annualized basis and a yield of 3.69%.

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.