Stifel Financial Corp Grows Stock Holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Stifel Financial Corp lifted its holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 4.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 61,442 shares of the investment management company’s stock after buying an additional 2,603 shares during the period. Stifel Financial Corp’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathstone Holdings LLC boosted its stake in BNY Mellon Strategic Municipal Bond Fund by 25.0% during the third quarter. Pathstone Holdings LLC now owns 2,141,763 shares of the investment management company’s stock worth $13,344,000 after buying an additional 428,411 shares during the period. Almitas Capital LLC grew its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 144.1% during the second quarter. Almitas Capital LLC now owns 559,398 shares of the investment management company’s stock valued at $3,323,000 after buying an additional 330,189 shares during the last quarter. Whitebox Advisors LLC purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the second quarter worth approximately $985,000. Rivernorth Capital Management LLC lifted its stake in shares of 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. Finally, HighTower Advisors LLC boosted its holdings in BNY Mellon Strategic Municipal Bond Fund by 220.5% during the 3rd quarter. HighTower Advisors LLC now owns 110,992 shares of the investment management company’s stock valued at $689,000 after acquiring an additional 76,362 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.2 %

DSM stock opened at $5.75 on Friday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a twelve month low of $5.54 and a twelve month high of $6.38. The business’s fifty day simple moving average is $6.00 and its two-hundred day simple moving average is $6.04.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.018 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.22 dividend on an annualized basis and a yield of 3.76%.

About BNY Mellon Strategic Municipal Bond Fund

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.