BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Shares Sold by Logan Stone Capital LLC

Logan Stone Capital LLC reduced its holdings in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 21.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 730,727 shares of the investment management company’s stock after selling 200,783 shares during the period. BNY Mellon Strategic Municipal Bond Fund makes up 1.1% of Logan Stone Capital LLC’s investment portfolio, making the stock its 23rd largest holding. Logan Stone Capital LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $4,341,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wolverine Asset Management LLC grew its holdings in BNY Mellon Strategic Municipal Bond Fund by 220.9% during the second quarter. Wolverine Asset Management LLC now owns 11,232 shares of the investment management company’s stock worth $67,000 after acquiring an additional 7,732 shares during the period. Arbor Trust Wealth Advisors LLC acquired a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter worth $77,000. WMG Financial Advisors LLC purchased a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the 2nd quarter valued at about $87,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the second quarter valued at about $94,000. Finally, Novak & Powell Financial Services Inc. purchased a new stake in BNY Mellon Strategic Municipal Bond Fund during the fourth quarter worth about $95,000.

BNY Mellon Strategic Municipal Bond Fund Stock Down 0.2 %

Shares of BNY Mellon Strategic Municipal Bond Fund stock opened at $6.23 on Friday. The company has a 50-day moving average of $6.11 and a two-hundred day moving average of $5.89. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 12-month low of $4.69 and a 12-month high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be issued a dividend of $0.018 per share. The ex-dividend date is Monday, September 16th. This represents a $0.22 annualized dividend and a yield of 3.47%.

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.