BNY Mellon Strategic Municipal Bond Fund, Inc. $DSM Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 11.9% in the second quarter, HoldingsChannel.com reports. The fund owned 196,010 shares of the investment management company’s stock after buying an additional 20,857 shares during the quarter. Envestnet Asset Management Inc.’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $1,098,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Landscape Capital Management L.L.C. raised its position in shares of BNY Mellon Strategic Municipal Bond Fund by 46.4% during the 1st quarter. Landscape Capital Management L.L.C. now owns 21,262 shares of the investment management company’s stock worth $123,000 after purchasing an additional 6,735 shares during the period. Catalina Capital Group LLC bought a new position in BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter worth $204,000. Integrated Capital Management Inc. increased its position in BNY Mellon Strategic Municipal Bond Fund by 20.4% in the second quarter. Integrated Capital Management Inc. now owns 40,069 shares of the investment management company’s stock worth $224,000 after buying an additional 6,776 shares during the period. Invesco Ltd. increased its position in BNY Mellon Strategic Municipal Bond Fund by 5.3% in the first quarter. Invesco Ltd. now owns 41,405 shares of the investment management company’s stock worth $239,000 after buying an additional 2,094 shares during the period. Finally, Camelot Portfolios LLC lifted its stake in BNY Mellon Strategic Municipal Bond Fund by 7.4% in the second quarter. Camelot Portfolios LLC now owns 41,854 shares of the investment management company’s stock valued at $234,000 after buying an additional 2,894 shares during the last quarter.

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of DSM opened at $5.89 on Friday. The firm has a fifty day moving average of $5.97 and a 200-day moving average of $5.74. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 1 year low of $5.28 and a 1 year high of $6.18.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a $0.023 dividend. The ex-dividend date is Friday, November 14th. This represents a c) annualized dividend and a yield of 4.7%.

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.