Avior Wealth Management LLC Grows Stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Avior Wealth Management LLC lifted its position in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 24.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,258 shares of the investment management company’s stock after buying an additional 7,027 shares during the quarter. Avior Wealth Management LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $220,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DSM. Aviance Capital Partners LLC raised its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 6.6% in the 3rd quarter. Aviance Capital Partners LLC now owns 27,091 shares of the investment management company’s stock valued at $169,000 after purchasing an additional 1,669 shares in the last quarter. Advisor OS LLC increased its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 10.3% in the 2nd quarter. Advisor OS LLC now owns 20,966 shares of the investment management company’s stock valued at $125,000 after acquiring an additional 1,955 shares during the period. Capital Investment Advisors LLC lifted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 1.0% during the 3rd quarter. Capital Investment Advisors LLC now owns 313,890 shares of the investment management company’s stock worth $1,956,000 after purchasing an additional 3,000 shares during the last quarter. Integrated Capital Management Inc. grew its stake in BNY Mellon Strategic Municipal Bond Fund by 14.3% in the second quarter. Integrated Capital Management Inc. now owns 31,519 shares of the investment management company’s stock valued at $187,000 after purchasing an additional 3,948 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in BNY Mellon Strategic Municipal Bond Fund by 220.9% in the second quarter. Wolverine Asset Management LLC now owns 11,232 shares of the investment management company’s stock worth $67,000 after purchasing an additional 7,732 shares in the last quarter.

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of BNY Mellon Strategic Municipal Bond Fund stock opened at $5.96 on Friday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 52-week low of $5.25 and a 52-week high of $6.38. The firm’s 50 day moving average price is $6.13 and its 200-day moving average price is $5.99.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.018 per share. The ex-dividend date is Friday, November 15th. This represents a $0.22 annualized dividend and a dividend yield of 3.62%.

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.