Wolverine Asset Management LLC Grows Stock Holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Wolverine Asset Management LLC lifted its stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 229.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,568 shares of the investment management company’s stock after purchasing an additional 24,761 shares during the quarter. Wolverine Asset Management LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DSM. Aviance Capital Partners LLC raised its stake in BNY Mellon Strategic Municipal Bond Fund by 6.6% during the third quarter. Aviance Capital Partners LLC now owns 27,091 shares of the investment management company’s stock valued at $169,000 after buying an additional 1,669 shares during the last quarter. Stifel Financial Corp increased its holdings 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 valued at $383,000 after acquiring an additional 2,603 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of BNY Mellon Strategic Municipal Bond Fund by 24.9% in the 3rd quarter. Avior Wealth Management LLC now owns 35,258 shares of the investment management company’s stock worth $220,000 after purchasing an additional 7,027 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in BNY Mellon Strategic Municipal Bond Fund by 9.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 95,089 shares of the investment management company’s stock worth $592,000 after purchasing an additional 8,554 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in BNY Mellon Strategic Municipal Bond Fund by 6.3% during the 4th quarter. Park Avenue Securities LLC now owns 162,065 shares of the investment management company’s stock valued at $942,000 after purchasing an additional 9,666 shares during the last quarter.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

NYSE:DSM opened at $5.99 on Monday. The firm has a 50-day simple moving average of $5.86 and a two-hundred day simple moving average of $6.03. BNY Mellon Strategic Municipal Bond Fund, Inc. has a fifty-two week low of $5.54 and a fifty-two week high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.018 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.22 dividend on an annualized basis and a yield of 3.61%.

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.