Nomura Holdings Inc. Makes New $101,000 Investment in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Nomura Holdings Inc. bought a new position in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,700 shares of the investment management company’s stock, valued at approximately $101,000.

Several other hedge funds also recently made changes to their positions in DSM. Wolverine Asset Management LLC increased its position in shares of BNY Mellon Strategic Municipal Bond Fund by 9.3% in the fourth quarter. Wolverine Asset Management LLC now owns 42,556 shares of the investment management company’s stock valued at $243,000 after acquiring an additional 3,622 shares during the period. Indie Asset Partners LLC purchased a new position in BNY Mellon Strategic Municipal Bond Fund during the 4th quarter valued at about $62,000. Raymond James Financial Services Advisors Inc. purchased a new stake in BNY Mellon Strategic Municipal Bond Fund in the 4th quarter worth approximately $63,000. Park National Corp OH bought a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the 4th quarter worth approximately $63,000. Finally, Camelot Portfolios LLC increased its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 43.6% during the fourth quarter. Camelot Portfolios LLC now owns 43,137 shares of the investment management company’s stock valued at $246,000 after buying an additional 13,100 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

Shares of BNY Mellon Strategic Municipal Bond Fund stock opened at $5.86 on Tuesday. The business has a 50 day moving average of $5.73 and a 200 day moving average of $5.73. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 52 week low of $4.69 and a 52 week high of $5.93.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

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

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.