Wolverine Asset Management LLC Increases Stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Wolverine Asset Management LLC increased its holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 220.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,232 shares of the investment management company’s stock after acquiring an additional 7,732 shares during the quarter. Wolverine Asset Management LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $67,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the 1st quarter worth approximately $81,000. WMG Financial Advisors LLC bought a new position in BNY Mellon Strategic Municipal Bond Fund in the second quarter worth approximately $87,000. Signature Estate & Investment Advisors LLC purchased a new stake in BNY Mellon Strategic Municipal Bond Fund during the second quarter worth $94,000. Novak & Powell Financial Services Inc. bought a new stake in BNY Mellon Strategic Municipal Bond Fund during the 4th quarter valued at $95,000. Finally, Nomura Holdings Inc. purchased a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the 4th quarter valued at $101,000.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

Shares of NYSE DSM opened at $6.12 on Friday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 1-year low of $4.69 and a 1-year high of $6.17. The business has a fifty day moving average price of $6.00 and a 200 day moving average price of $5.84.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a $0.018 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Monday, September 16th.

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.