Arete Wealth Advisors LLC Trims Holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Arete Wealth Advisors LLC lowered its holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 22.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 46,924 shares of the investment management company’s stock after selling 13,901 shares during the quarter. Arete Wealth Advisors LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $273,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. MidWestOne Financial Group Inc. purchased a new stake in BNY Mellon Strategic Municipal Bond Fund in the third quarter worth $76,000. Benjamin Edwards Inc. purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter worth about $149,000. Wolverine Asset Management LLC boosted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 229.1% during 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 in the last quarter. Melfa Wealth Management Inc. increased its position in shares of BNY Mellon Strategic Municipal Bond Fund by 39.5% during 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 during the period. Finally, Raymond James Financial Inc. bought a new position in BNY Mellon Strategic Municipal Bond Fund in the fourth quarter worth about $343,000.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

Shares of DSM opened at $5.77 on Monday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a one year low of $5.54 and a one year high of $6.38. The company has a 50-day simple moving average of $5.90 and a two-hundred day simple moving average of $5.98.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be paid a $0.018 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.22 annualized dividend and a yield of 3.74%.

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.