Hennion & Walsh Asset Management Inc. Sells 9,067 Shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Hennion & Walsh Asset Management Inc. trimmed its stake in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 0.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,144,784 shares of the investment management company’s stock after selling 9,067 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $6,651,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC increased its holdings in BNY Mellon Strategic Municipal Bond Fund by 6.3% in the 4th quarter. Park Avenue Securities LLC now owns 162,065 shares of the investment management company’s stock worth $942,000 after purchasing an additional 9,666 shares in the last quarter. Rivernorth Capital Management LLC increased its position in BNY Mellon Strategic Municipal Bond Fund by 13.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,666,877 shares of the investment management company’s stock valued at $10,385,000 after purchasing an additional 201,105 shares during the period. MidWestOne Financial Group Inc. acquired a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter worth approximately $76,000. Whitebox Advisors LLC boosted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 15.9% in the 3rd quarter. Whitebox Advisors LLC now owns 192,127 shares of the investment management company’s stock valued at $1,197,000 after purchasing an additional 26,319 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of BNY Mellon Strategic Municipal Bond Fund by 4.4% during the third quarter. Stifel Financial Corp now owns 61,442 shares of the investment management company’s stock worth $383,000 after buying an additional 2,603 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of NYSE DSM opened at $5.85 on Thursday. The firm has a fifty day simple moving average of $5.95 and a 200 day simple moving average of $6.03. BNY Mellon Strategic Municipal Bond Fund, Inc. has a twelve month low of $5.54 and a twelve month high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.018 dividend. This represents a $0.22 annualized dividend and a yield of 3.69%. The ex-dividend date is Wednesday, January 15th.

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.