BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. boosted its position in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 94.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,361 shares of the investment management company’s stock after purchasing an additional 22,518 shares during the period. Benjamin Edwards Inc.’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DSM. Landscape Capital Management L.L.C. purchased a new position in BNY Mellon Strategic Municipal Bond Fund in the fourth quarter valued at about $84,000. Mercer Global Advisors Inc. ADV purchased a new position in BNY Mellon Strategic Municipal Bond Fund in the fourth quarter valued at about $177,000. Wolverine Asset Management LLC increased its holdings in BNY Mellon Strategic Municipal Bond Fund by 229.1% in the fourth quarter. Wolverine Asset Management LLC now owns 35,568 shares of the investment management company’s stock valued at $207,000 after buying an additional 24,761 shares in the last quarter. Melfa Wealth Management Inc. increased its holdings in BNY Mellon Strategic Municipal Bond Fund by 39.5% in the fourth quarter. Melfa Wealth Management Inc. now owns 44,111 shares of the investment management company’s stock valued at $256,000 after buying an additional 12,500 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in BNY Mellon Strategic Municipal Bond Fund in the fourth quarter valued at about $343,000.

BNY Mellon Strategic Municipal Bond Fund Stock Up 0.3%

Shares of BNY Mellon Strategic Municipal Bond Fund stock opened at $5.76 on Monday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 12-month low of $5.28 and a 12-month high of $6.38. The company has a 50-day moving average of $5.70 and a two-hundred day moving average of $5.86.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 14th will be issued a $0.018 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.22 dividend on an annualized basis and a yield of 3.75%.

Insider Buying and Selling at BNY Mellon Strategic Municipal Bond Fund

In other BNY Mellon Strategic Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. acquired 5,267 shares of the company’s stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average cost of $5.48 per share, with a total value of $28,863.16. Following the purchase, the insider now directly owns 5,146,241 shares in the company, valued at approximately $28,201,400.68. This trade represents a 0.10% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

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.