Ackerman Capital Advisors LLC Sells 15,020 Shares of BNY Mellon Strategic Municipal Bond Fund, Inc. $DSM

Ackerman Capital Advisors LLC decreased its position in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 8.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,966 shares of the investment management company’s stock after selling 15,020 shares during the period. Ackerman Capital Advisors LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $879,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Almitas Capital LLC grew its holdings in BNY Mellon Strategic Municipal Bond Fund by 36.1% during the 1st quarter. Almitas Capital LLC now owns 851,087 shares of the investment management company’s stock worth $4,911,000 after acquiring an additional 225,626 shares during the period. Advisors Asset Management Inc. boosted its stake in BNY Mellon Strategic Municipal Bond Fund by 40.8% during the 1st quarter. Advisors Asset Management Inc. now owns 353,086 shares of the investment management company’s stock worth $2,037,000 after acquiring an additional 102,237 shares during the last quarter. LPL Financial LLC raised its holdings in BNY Mellon Strategic Municipal Bond Fund by 7.3% in the first quarter. LPL Financial LLC now owns 712,095 shares of the investment management company’s stock worth $4,109,000 after purchasing an additional 48,150 shares during the period. Catalina Capital Group LLC bought a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the second quarter worth $204,000. Finally, Bank of America Corp DE grew its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 2,269.6% in the 4th quarter. Bank of America Corp DE now owns 34,264 shares of the investment management company’s stock valued at $199,000 after buying an additional 32,818 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Stock Up 0.5%

Shares of BNY Mellon Strategic Municipal Bond Fund stock opened at $5.97 on Friday. The stock’s fifty day simple moving average is $5.78 and its 200 day simple moving average is $5.66. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 12 month low of $5.28 and a 12 month high of $6.25.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 14th will be issued a dividend of $0.023 per share. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Tuesday, October 14th.

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.