Blue Bell Private Wealth Management LLC Buys 8,097 Shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Blue Bell Private Wealth Management LLC increased its stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,521 shares of the investment management company’s stock after buying an additional 8,097 shares during the period. Blue Bell Private Wealth Management LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $764,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in BNY Mellon Strategic Municipal Bond Fund in the fourth quarter worth about $343,000. Noble Wealth Management PBC bought a new position in BNY Mellon Strategic Municipal Bond Fund in the fourth quarter worth about $823,000. Ackerman Capital Advisors LLC raised its stake in BNY Mellon Strategic Municipal Bond Fund by 25.9% in the fourth quarter. Ackerman Capital Advisors LLC now owns 147,644 shares of the investment management company’s stock worth $858,000 after buying an additional 30,362 shares in the last quarter. Wolverine Asset Management LLC raised its stake in BNY Mellon Strategic Municipal Bond Fund by 229.1% in the fourth quarter. Wolverine Asset Management LLC now owns 35,568 shares of the investment management company’s stock worth $207,000 after buying an additional 24,761 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in BNY Mellon Strategic Municipal Bond Fund by 5.8% in the fourth quarter. Van ECK Associates Corp now owns 419,830 shares of the investment management company’s stock worth $2,439,000 after buying an additional 23,135 shares in the last quarter.

BNY Mellon Strategic Municipal Bond Fund Price Performance

DSM stock opened at $5.99 on Friday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 1 year low of $5.54 and a 1 year high of $6.38. The firm has a 50-day moving average of $5.89 and a 200 day moving average of $6.03.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.018 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, March 14th.

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.