Van ECK Associates Corp Buys 48,259 Shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Van ECK Associates Corp grew its stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 14.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376,578 shares of the investment management company’s stock after purchasing an additional 48,259 shares during the quarter. Van ECK Associates Corp’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $2,150,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Saba Capital Management L.P. grew its stake in BNY Mellon Strategic Municipal Bond Fund by 304.9% during the third quarter. Saba Capital Management L.P. now owns 975,745 shares of the investment management company’s stock worth $4,849,000 after buying an additional 734,751 shares in the last quarter. Advisor Partners II LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund during the 3rd quarter worth approximately $1,616,000. AQR Arbitrage LLC boosted its position in BNY Mellon Strategic Municipal Bond Fund by 85.9% during the 3rd quarter. AQR Arbitrage LLC now owns 477,392 shares of the investment management company’s stock worth $2,373,000 after buying an additional 220,560 shares during the period. Robinson Capital Management LLC boosted its position in BNY Mellon Strategic Municipal Bond Fund by 26.6% during the 3rd quarter. Robinson Capital Management LLC now owns 901,145 shares of the investment management company’s stock worth $4,474,000 after buying an additional 189,214 shares during the period. Finally, PFS Partners LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund during the 4th quarter worth approximately $478,000.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

BNY Mellon Strategic Municipal Bond Fund stock opened at $5.75 on Wednesday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 52-week low of $4.69 and a 52-week high of $5.91. The firm has a 50 day moving average price of $5.73 and a two-hundred day moving average price of $5.58.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.018 per share. The ex-dividend date is Monday, May 13th. This represents a $0.22 annualized dividend and a yield of 3.76%.

BNY Mellon Strategic Municipal Bond Fund Company 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.