Hennion & Walsh Asset Management Inc. Boosts Stock Holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Hennion & Walsh Asset Management Inc. increased its position in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,162,255 shares of the investment management company’s stock after purchasing an additional 113,782 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $6,904,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DSM. Robinson Capital Management LLC acquired a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the first quarter worth $930,000. Bridgewater Advisors Inc. acquired a new position in BNY Mellon Strategic Municipal Bond Fund in the fourth quarter valued at $441,000. Van ECK Associates Corp boosted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 13.9% during the first quarter. Van ECK Associates Corp now owns 428,946 shares of the investment management company’s stock worth $2,514,000 after buying an additional 52,368 shares during the period. Bulldog Investors LLP boosted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 12.5% during the fourth quarter. Bulldog Investors LLP now owns 468,928 shares of the investment management company’s stock worth $2,678,000 after buying an additional 51,967 shares during the period. Finally, Hoylecohen LLC acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the second quarter worth about $297,000.

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of DSM traded down $0.02 during mid-day trading on Monday, hitting $6.11. 45,047 shares of the company’s stock were exchanged, compared to its average volume of 133,634. BNY Mellon Strategic Municipal Bond Fund, Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $6.14. The business’s 50 day moving average is $5.93 and its two-hundred day moving average is $5.80.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be issued a dividend of $0.018 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.22 annualized dividend and a yield of 3.54%.

About BNY Mellon Strategic Municipal Bond Fund

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.