BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Shares Sold by ProVise Management Group LLC

ProVise Management Group LLC reduced its position in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 11.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,870 shares of the investment management company’s stock after selling 3,000 shares during the period. ProVise Management Group LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $136,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC lifted its position in BNY Mellon Strategic Municipal Bond Fund by 118.3% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 31,000 shares of the investment management company’s stock worth $182,000 after acquiring an additional 16,800 shares in the last quarter. Bulldog Investors LLP lifted its position in BNY Mellon Strategic Municipal Bond Fund by 12.5% during the 4th quarter. Bulldog Investors LLP now owns 468,928 shares of the investment management company’s stock worth $2,678,000 after acquiring an additional 51,967 shares in the last quarter. Novak & Powell Financial Services Inc. acquired a new position in BNY Mellon Strategic Municipal Bond Fund during the 4th quarter worth approximately $95,000. Aviance Capital Partners LLC lifted its position in BNY Mellon Strategic Municipal Bond Fund by 78.8% during the 1st quarter. Aviance Capital Partners LLC now owns 20,246 shares of the investment management company’s stock worth $119,000 after acquiring an additional 8,923 shares in the last quarter. Finally, Van ECK Associates Corp lifted 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 worth $2,514,000 after acquiring an additional 52,368 shares in the last quarter.

BNY Mellon Strategic Municipal Bond Fund Price Performance

BNY Mellon Strategic Municipal Bond Fund stock opened at $6.26 on Friday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a one year low of $4.69 and a one year high of $6.38. The stock’s 50 day moving average price is $6.08 and its 200 day moving average price is $5.87.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders 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 3.45%.

BNY Mellon Strategic Municipal Bond Fund 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.