Capital Investment Advisors LLC lowered its stake in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Rating) by 2.4% in the first quarter, HoldingsChannel reports. The firm owned 193,605 shares of the investment management company’s stock after selling 4,745 shares during the quarter. Capital Investment Advisors LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $1,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in DSM. Brookstone Capital Management acquired a new position in BNY Mellon Strategic Municipal Bond Fund during the 1st quarter worth $73,000. Dynamic Advisor Solutions LLC boosted its position in BNY Mellon Strategic Municipal Bond Fund by 16.0% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 14,506 shares of the investment management company’s stock worth $103,000 after acquiring an additional 2,000 shares during the period. Guggenheim Capital LLC boosted its position in BNY Mellon Strategic Municipal Bond Fund by 33.0% during the 4th quarter. Guggenheim Capital LLC now owns 551,598 shares of the investment management company’s stock worth $4,606,000 after acquiring an additional 137,006 shares during the period. Baird Financial Group Inc. boosted its position in BNY Mellon Strategic Municipal Bond Fund by 8.1% during the 4th quarter. Baird Financial Group Inc. now owns 166,550 shares of the investment management company’s stock worth $1,391,000 after acquiring an additional 12,495 shares during the period. Finally, Capital Market Strategies LLC acquired a new position in BNY Mellon Strategic Municipal Bond Fund during the 4th quarter worth $480,000. Institutional investors and hedge funds own 27.18% of the company’s stock.
Shares of DSM stock opened at $6.17 on Friday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 1 year low of $6.02 and a 1 year high of $8.59. The stock has a fifty day moving average of $6.44 and a two-hundred day moving average of $7.17.
The firm also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Tuesday, June 14th will be given a dividend of $0.03 per share. The ex-dividend date is Monday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 5.83%.
About BNY Mellon Strategic Municipal Bond Fund (Get Rating)
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.
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