Ackerman Capital Advisors LLC Boosts Stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Ackerman Capital Advisors LLC grew its position in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 25.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,644 shares of the investment management company’s stock after buying an additional 30,362 shares during the quarter. Ackerman Capital Advisors LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $858,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DSM. Wolverine Asset Management LLC lifted its holdings in BNY Mellon Strategic Municipal Bond Fund by 229.1% during the fourth quarter. Wolverine Asset Management LLC now owns 35,568 shares of the investment management company’s stock worth $207,000 after acquiring an additional 24,761 shares during the period. Van ECK Associates Corp increased its position in shares of BNY Mellon Strategic Municipal Bond Fund by 5.8% during the 4th quarter. Van ECK Associates Corp now owns 419,830 shares of the investment management company’s stock valued at $2,439,000 after purchasing an additional 23,135 shares during the last quarter. Melfa Wealth Management Inc. raised its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 39.5% during the 4th quarter. Melfa Wealth Management Inc. now owns 44,111 shares of the investment management company’s stock worth $256,000 after purchasing an additional 12,500 shares during the period. Park Avenue Securities LLC raised its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 6.3% during the 4th quarter. Park Avenue Securities LLC now owns 162,065 shares of the investment management company’s stock worth $942,000 after purchasing an additional 9,666 shares during the period. Finally, Rivernorth Capital Management LLC boosted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 13.7% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,666,877 shares of the investment management company’s stock worth $10,385,000 after buying an additional 201,105 shares during the last quarter.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

NYSE DSM opened at $6.03 on Wednesday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 52-week low of $5.54 and a 52-week high of $6.38. The company has a 50-day simple moving average of $5.86 and a 200 day simple moving average of $6.03.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.018 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Friday, February 14th.

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.