Closed End Fund Advisors Inc. Acquires New Position in BNY Mellon Strategic Municipal Bond Fund, Inc. $DSM

Closed End Fund Advisors Inc. acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 100,339 shares of the investment management company’s stock, valued at approximately $619,000.

Other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC purchased a new stake in BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter valued at about $56,000. Nomura Holdings Inc. purchased a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the third quarter worth $74,000. BOKF NA purchased a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the fourth quarter worth $79,000. Novak & Powell Financial Services Inc. bought a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the fourth quarter valued at $111,000. Finally, Petersen Hastings Wealth Advisors Inc. bought a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the fourth quarter valued at $178,000.

BNY Mellon Strategic Municipal Bond Fund Stock Down 0.3%

BNY Mellon Strategic Municipal Bond Fund stock opened at $6.10 on Friday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a one year low of $5.45 and a one year high of $6.30. The business’s fifty day moving average is $6.05 and its 200 day moving average is $6.07.

BNY Mellon Strategic Municipal Bond Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, June 11th. This represents a c) annualized dividend and a yield of 5.9%. This is an increase from BNY Mellon Strategic Municipal Bond Fund’s previous monthly dividend of $0.03.

About BNY Mellon Strategic Municipal Bond Fund

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.