Noble Wealth Management PBC Buys New Stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Noble Wealth Management PBC bought a new stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 141,628 shares of the investment management company’s stock, valued at approximately $823,000.

Other institutional investors have also recently added to or reduced their stakes in the company. MidWestOne Financial Group Inc. acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter valued at approximately $76,000. Benjamin Edwards Inc. acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter valued at approximately $149,000. Aviance Capital Partners LLC increased its holdings in BNY Mellon Strategic Municipal Bond Fund by 6.6% in the 3rd quarter. Aviance Capital Partners LLC now owns 27,091 shares of the investment management company’s stock valued at $169,000 after purchasing an additional 1,669 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in BNY Mellon Strategic Municipal Bond Fund by 229.1% in the 4th quarter. Wolverine Asset Management LLC now owns 35,568 shares of the investment management company’s stock valued at $207,000 after purchasing an additional 24,761 shares during the last quarter. Finally, Avior Wealth Management LLC increased its holdings in 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 last quarter.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

NYSE:DSM opened at $6.04 on Friday. The company has a fifty day simple moving average of $5.87 and a two-hundred day simple moving average of $6.03. 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 firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.018 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.22 annualized dividend and a dividend yield of 3.58%.

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.