Hennion & Walsh Asset Management Inc. Cuts 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 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,144,784 shares of the investment management company’s stock after selling 9,067 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $6,651,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. MidWestOne Financial Group Inc. bought a new stake in BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter valued at about $76,000. Benjamin Edwards Inc. bought a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the third quarter valued at about $149,000. AE Wealth Management LLC lifted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 68.6% in the second quarter. AE Wealth Management LLC now owns 26,550 shares of the investment management company’s stock worth $158,000 after buying an additional 10,800 shares in the last quarter. Aviance Capital Partners LLC boosted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 6.6% in the third quarter. Aviance Capital Partners LLC now owns 27,091 shares of the investment management company’s stock valued at $169,000 after acquiring an additional 1,669 shares during the period. Finally, Avior Wealth Management LLC grew its stake in BNY Mellon Strategic Municipal Bond Fund by 24.9% during the third quarter. Avior Wealth Management LLC now owns 35,258 shares of the investment management company’s stock valued at $220,000 after acquiring an additional 7,027 shares in the last quarter.

BNY Mellon Strategic Municipal Bond Fund Stock Up 0.7 %

BNY Mellon Strategic Municipal Bond Fund stock opened at $5.85 on Thursday. The firm’s 50 day simple moving average is $5.95 and its 200 day simple moving average is $6.03. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 1-year low of $5.54 and a 1-year 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 Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.018 per share. This represents a $0.22 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Wednesday, January 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.