Melfa Wealth Management Inc. Buys 12,500 Shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Melfa Wealth Management Inc. increased its position in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 39.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,111 shares of the investment management company’s stock after acquiring an additional 12,500 shares during the quarter. Melfa Wealth Management Inc.’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Aviance Capital Partners LLC boosted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 6.6% during the third quarter. Aviance Capital Partners LLC now owns 27,091 shares of the investment management company’s stock worth $169,000 after purchasing an additional 1,669 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 4.4% in the third quarter. Stifel Financial Corp now owns 61,442 shares of the investment management company’s stock valued at $383,000 after buying an additional 2,603 shares during the period. Capital Investment Advisors LLC lifted its position in BNY Mellon Strategic Municipal Bond Fund by 1.0% in the 3rd quarter. Capital Investment Advisors LLC now owns 313,890 shares of the investment management company’s stock valued at $1,956,000 after acquiring an additional 3,000 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 24.9% in the 3rd quarter. Avior Wealth Management LLC now owns 35,258 shares of the investment management company’s stock valued at $220,000 after purchasing an additional 7,027 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in BNY Mellon Strategic Municipal Bond Fund by 9.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 95,089 shares of the investment management company’s stock worth $592,000 after buying an additional 8,554 shares in the last quarter.

BNY Mellon Strategic Municipal Bond Fund Trading Up 0.3 %

DSM opened at $5.88 on Wednesday. The business’s 50-day simple moving average is $5.93 and its 200 day simple moving average is $6.04. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 52-week low of $5.54 and a 52-week high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.018 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.22 annualized dividend and a yield of 3.68%.

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.