Hennion & Walsh Asset Management Inc. Has $9.08 Million Position in BNY Mellon Strategic Municipal Bond Fund, Inc. $DSM

Hennion & Walsh Asset Management Inc. lifted its stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 87.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,476,212 shares of the investment management company’s stock after buying an additional 689,844 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $9,079,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Saba Capital Management L.P. grew its position in BNY Mellon Strategic Municipal Bond Fund by 0.5% during the fourth quarter. Saba Capital Management L.P. now owns 5,179,441 shares of the investment management company’s stock worth $31,957,000 after buying an additional 26,850 shares in the last quarter. Pathstone Holdings LLC raised its holdings in BNY Mellon Strategic Municipal Bond Fund by 2.1% in the 3rd quarter. Pathstone Holdings LLC now owns 3,559,421 shares of the investment management company’s stock valued at $21,072,000 after acquiring an additional 73,309 shares in the last quarter. Bulldog Investors LLP raised its holdings in BNY Mellon Strategic Municipal Bond Fund by 2.0% in the 1st quarter. Bulldog Investors LLP now owns 3,373,942 shares of the investment management company’s stock valued at $20,277,000 after acquiring an additional 65,851 shares in the last quarter. Sit Investment Associates Inc. lifted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 11.8% in the 4th quarter. Sit Investment Associates Inc. now owns 1,862,381 shares of the investment management company’s stock worth $11,491,000 after acquiring an additional 195,867 shares during the period. Finally, Rivernorth Capital Management LLC lifted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 98.7% in the 1st quarter. Rivernorth Capital Management LLC now owns 1,660,357 shares of the investment management company’s stock worth $9,979,000 after acquiring an additional 824,765 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of NYSE:DSM opened at $5.92 on Friday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 1-year low of $5.52 and a 1-year high of $6.30. The business’s 50 day moving average is $6.05 and its 200-day moving average is $6.07.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, August 13th will be given a $0.03 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Thursday, August 13th.

BNY Mellon Strategic Municipal Bond Fund Company Profile

BNY Mellon Strategic Municipal Bond Fund Inc (NYSE: DSM) is a closed-end, diversified management investment company sponsored by The Bank of New York Mellon Corporation. Launched in 2007, DSM is listed on the New York Stock Exchange and offers investors access to a professionally managed portfolio of municipal debt securities. As a publicly traded fund, DSM combines the liquidity of the secondary market with the long-term investment horizon of a mutual fund structure.

The fund’s primary objective is to provide current income exempt from federal income tax.