BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Stock Holdings Raised by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 9.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 95,089 shares of the investment management company’s stock after purchasing an additional 8,554 shares during the period. Farther Finance Advisors LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Advisor OS LLC increased its position in shares of BNY Mellon Strategic Municipal Bond Fund by 10.3% in the 2nd quarter. Advisor OS LLC now owns 20,966 shares of the investment management company’s stock worth $125,000 after purchasing an additional 1,955 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 1.0% in the 3rd quarter. Capital Investment Advisors LLC now owns 313,890 shares of the investment management company’s stock valued at $1,956,000 after buying an additional 3,000 shares during the period. Integrated Capital Management Inc. boosted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 14.3% in the 2nd quarter. Integrated Capital Management Inc. now owns 31,519 shares of the investment management company’s stock valued at $187,000 after buying an additional 3,948 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 9.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 85,842 shares of the investment management company’s stock valued at $503,000 after buying an additional 7,530 shares during the period. Finally, Wolverine Asset Management LLC boosted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 220.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 11,232 shares of the investment management company’s stock valued at $67,000 after buying an additional 7,732 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Price Performance

NYSE DSM opened at $6.04 on Wednesday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a one year low of $4.96 and a one year high of $6.38. The company has a 50-day simple moving average of $6.16 and a 200-day simple moving average of $5.96.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.018 dividend. This represents a $0.22 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, November 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.