BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Holdings Lowered by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. lowered its stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 12.2% during the third quarter, HoldingsChannel reports. The firm owned 67,770 shares of the investment management company’s stock after selling 9,455 shares during the period. Bridgewater Advisors Inc.’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $405,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wolverine Asset Management LLC increased its position in shares of BNY Mellon Strategic Municipal Bond Fund by 220.9% in 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 in the last quarter. Arbor Trust Wealth Advisors LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter valued at $77,000. WMG Financial Advisors LLC purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the second quarter valued at $87,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the second quarter worth $94,000. Finally, Advisor OS LLC grew its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 10.3% during the second quarter. Advisor OS LLC now owns 20,966 shares of the investment management company’s stock valued at $125,000 after buying an additional 1,955 shares in the last quarter.

BNY Mellon Strategic Municipal Bond Fund Trading Down 1.8 %

Shares of DSM opened at $5.93 on Thursday. The business’s 50-day moving average is $6.16 and its 200-day moving average is $5.97. BNY Mellon Strategic Municipal Bond Fund, Inc. has a fifty-two week low of $4.99 and a fifty-two week 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 Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.018 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.22 dividend on an annualized basis and a yield of 3.64%.

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.