BNY Mellon Strategic Municipal Bond Fund (NYSE:DSM) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.00 and traded as low as $5.73. BNY Mellon Strategic Municipal Bond Fund shares last traded at $5.75, with a volume of 254,781 shares changing hands.

BNY Mellon Strategic Municipal Bond Fund Stock Down 0.2 %

The company’s fifty day moving average price is $6.00 and its two-hundred day moving average price is $6.04.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.018 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.76%.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

Institutional investors have recently bought and sold shares of the company. Aviance Capital Partners LLC raised its position in shares of BNY Mellon Strategic Municipal Bond Fund by 6.6% during the 3rd quarter. Aviance Capital Partners LLC now owns 27,091 shares of the investment management company’s stock worth $169,000 after purchasing an additional 1,669 shares during the last quarter. Advisor OS LLC boosted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 10.3% during the second 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 last quarter. Stifel Financial Corp lifted its holdings in BNY Mellon Strategic Municipal Bond Fund by 4.4% in the 3rd quarter. Stifel Financial Corp now owns 61,442 shares of the investment management company’s stock valued at $383,000 after purchasing an additional 2,603 shares in the last quarter. Capital Investment Advisors LLC boosted its position in BNY Mellon Strategic Municipal Bond Fund by 1.0% during the third quarter. Capital Investment Advisors LLC now owns 313,890 shares of the investment management company’s stock worth $1,956,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 24.9% during the 3rd quarter. Avior Wealth Management LLC now owns 35,258 shares of the investment management company’s stock worth $220,000 after purchasing an additional 7,027 shares during the period.

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.