BNY Mellon Strategic Municipal Bond Fund (NYSE:DSM) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.01 and traded as low as $5.75. BNY Mellon Strategic Municipal Bond Fund shares last traded at $5.78, with a volume of 165,361 shares changing hands.

BNY Mellon Strategic Municipal Bond Fund Stock Down 0.3 %

The firm’s 50 day moving average is $5.90 and its 200-day moving average is $6.01.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.018 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.74%.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

Several large investors have recently made changes to their positions in DSM. Elequin Capital LP bought a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the 4th quarter valued at approximately $36,000. MidWestOne Financial Group Inc. acquired a new position in BNY Mellon Strategic Municipal Bond Fund during the third quarter valued at approximately $76,000. Landscape Capital Management L.L.C. bought a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the fourth quarter valued at approximately $84,000. Benjamin Edwards Inc. acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the third quarter worth $149,000. Finally, Aviance Capital Partners LLC lifted its stake 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 worth $169,000 after buying an additional 1,669 shares during the last quarter.

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.