Hennion & Walsh Asset Management Inc. Trims Position in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Hennion & Walsh Asset Management Inc. lessened its stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,153,851 shares of the investment management company’s stock after selling 8,404 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $7,188,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DSM. Almitas Capital LLC increased its stake in BNY Mellon Strategic Municipal Bond Fund by 144.1% in the 2nd quarter. Almitas Capital LLC now owns 559,398 shares of the investment management company’s stock worth $3,323,000 after buying an additional 330,189 shares during the period. Whitebox Advisors LLC purchased a new position in BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter valued at about $985,000. Robinson Capital Management LLC purchased a new position in BNY Mellon Strategic Municipal Bond Fund during the 1st quarter valued at about $930,000. Van ECK Associates Corp increased its position in BNY Mellon Strategic Municipal Bond Fund by 13.9% during the 1st quarter. Van ECK Associates Corp now owns 428,946 shares of the investment management company’s stock valued at $2,514,000 after purchasing an additional 52,368 shares during the period. Finally, Hoylecohen LLC purchased a new position in BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter valued at about $297,000.

BNY Mellon Strategic Municipal Bond Fund Price Performance

NYSE DSM opened at $6.03 on Thursday. The company’s 50-day simple moving average is $6.18 and its two-hundred day simple moving average is $5.94. BNY Mellon Strategic Municipal Bond Fund, Inc. has a one year low of $4.69 and a one year high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.018 per share. This represents a $0.22 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Tuesday, October 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.