HighTower Advisors LLC Buys 16,964 Shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

HighTower Advisors LLC raised its stake in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 15.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,956 shares of the investment management company’s stock after purchasing an additional 16,964 shares during the period. HighTower Advisors LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $743,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Benjamin Edwards Inc. acquired a new position in BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter valued at $149,000. Rivernorth Capital Management LLC lifted its position in BNY Mellon Strategic Municipal Bond Fund by 10.0% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,611,789 shares of the investment management company’s stock worth $10,041,000 after acquiring an additional 146,017 shares during the last quarter. Stifel Financial Corp boosted its holdings in 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 during the period. Whitebox Advisors LLC grew its position in shares of BNY Mellon Strategic Municipal Bond Fund by 15.9% in the third 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, MidWestOne Financial Group Inc. bought a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the third quarter worth about $76,000.

BNY Mellon Strategic Municipal Bond Fund Price Performance

NYSE DSM opened at $5.78 on Friday. The stock has a 50-day simple moving average of $5.90 and a 200 day simple moving average of $6.00. 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 firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.018 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.22 annualized dividend and a dividend yield of 3.74%.

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.