Janney Montgomery Scott LLC bought a new stock position in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Rating) in Q3, according to the company in its most recent filing with the Securities & Exchange Commission. The company bought 88,028 shares of the investment management firm, valued at around $498,000. Janney Montgomery Scott LLC held 0.18% of the BNY Mellon Strategic Municipal Bond Fund at the end of the most recent period.
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Other large investors have also increased or reduced their stake in the company. Park Avenue Securities LLC increased its stake in BNY Mellon Strategic Municipal Bond Fund by 8.3% during the second quarter. Park Avenue Securities LLC now owns 150,162 shares of the investment management company worth $934,000 after purchasing an additional 11,521 shares during the period. Wolverine Asset Management LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund during the second quarter worth approximately $50,000. Capital Investment Advisors LLC increased its stake in BNY Mellon Strategic Municipal Bond Fund by 7.1% during the third quarter. Capital Investment Advisors LLC now owns 213,648 shares of the investment management firm worth $1,209,000 after purchasing an additional 14,143 shares during the period. Riverbridge Partners LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the second quarter, valued at approximately $592,000. Finally, Virtu Financial LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the second quarter, valued at approximately $157,000. Institutional investors and hedge funds hold 18.51% of the company’s shares.
BNY Mellon Strategic Municipal Bond Fund Price Performance
Shares of the BNY Mellon Strategic Municipal Bond Fund opened at $6.08 on Monday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 52 week low of $5.24 and a 52 week high of $7.65. The stock has a 50-day moving average price of $5.79 and a 200-day moving average price of $5.99.
BNY Mellon Strategic Municipal Bond Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, January 31. Shareholders of record on Tuesday, January 17 will receive a dividend of $0.022. The ex-dividend date is Friday, January 13. This represents a dividend of $0.26 on an annualized basis and a yield of 4.34%.
About the BNY Mellon Strategic Municipal Bond Fund
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BNY Mellon Strategic Municipal Bond Fund, Inc operates as a closed-end investment company. Its investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The company was founded in 1989 and is based in New York, NY.
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