LexAurum Advisors LLC Buys Shares of 17,234 BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

LexAurum Advisors LLC purchased a new position in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,234 shares of the investment management company’s stock, valued at approximately $101,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Indie Asset Partners LLC acquired a new position in BNY Mellon Strategic Municipal Bond Fund in the 4th quarter valued at about $62,000. Park National Corp OH acquired a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the fourth quarter valued at approximately $63,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the fourth quarter valued at approximately $63,000. Almitas Capital LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund during the third quarter worth approximately $80,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in BNY Mellon Strategic Municipal Bond Fund in the 4th quarter worth approximately $81,000.

BNY Mellon Strategic Municipal Bond Fund Trading Up 0.2 %

Shares of DSM opened at $5.85 on Friday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $5.93. The stock has a fifty day moving average of $5.72 and a two-hundred day moving average of $5.73.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.018 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Friday, June 14th.

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.