Guggenheim Capital LLC Purchases 35,251 Shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Guggenheim Capital LLC raised its position in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 909,118 shares of the investment management company’s stock after buying an additional 35,251 shares during the period. Guggenheim Capital LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $5,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Rivernorth Capital Management LLC increased its holdings in BNY Mellon Strategic Municipal Bond Fund by 13.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,666,877 shares of the investment management company’s stock valued at $10,385,000 after purchasing an additional 201,105 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 15.6% in the fourth quarter. Wells Fargo & Company MN now owns 531,115 shares of the investment management company’s stock valued at $3,086,000 after buying an additional 71,534 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 5.8% in the fourth quarter. Van ECK Associates Corp now owns 419,830 shares of the investment management company’s stock valued at $2,439,000 after buying an additional 23,135 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in BNY Mellon Strategic Municipal Bond Fund by 2.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 174,019 shares of the investment management company’s stock worth $1,011,000 after buying an additional 3,506 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in 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 acquiring an additional 9,666 shares during the last quarter.

Insider Transactions at BNY Mellon Strategic Municipal Bond Fund

In other BNY Mellon Strategic Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. bought 5,267 shares of BNY Mellon Strategic Municipal Bond Fund stock in a transaction dated Tuesday, April 15th. The shares were bought at an average price of $5.48 per share, with a total value of $28,863.16. Following the purchase, the insider now owns 5,146,241 shares of the company’s stock, valued at $28,201,400.68. This trade represents a 0.10 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

BNY Mellon Strategic Municipal Bond Fund Stock Up 0.6 %

Shares of NYSE DSM opened at $5.52 on Friday. The company has a 50-day moving average of $5.82 and a two-hundred day moving average of $5.93. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 1-year low of $5.28 and a 1-year high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be paid a $0.018 dividend. The ex-dividend date is Monday, April 14th. This represents a $0.22 annualized dividend and a dividend yield of 3.92%.

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.