BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 220.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,992 shares of the investment management company’s stock after purchasing an additional 76,362 shares during the quarter. HighTower Advisors LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $689,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DSM. Benjamin Edwards Inc. purchased a new stake in BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter valued at about $149,000. Avior Wealth Management LLC boosted its stake in BNY Mellon Strategic Municipal Bond Fund by 24.9% during the third quarter. Avior Wealth Management LLC now owns 35,258 shares of the investment management company’s stock worth $220,000 after buying an additional 7,027 shares during the period. Pathstone Holdings LLC increased its position in shares of BNY Mellon Strategic Municipal Bond Fund by 25.0% during the third quarter. Pathstone Holdings LLC now owns 2,141,763 shares of the investment management company’s stock valued at $13,344,000 after acquiring an additional 428,411 shares during the last quarter. Aviance Capital Partners LLC raised its stake 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 acquiring an additional 1,669 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 9.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 95,089 shares of the investment management company’s stock worth $592,000 after acquiring an additional 8,554 shares during the last quarter.

BNY Mellon Strategic Municipal Bond Fund Trading Down 1.4 %

BNY Mellon Strategic Municipal Bond Fund stock opened at $5.79 on Friday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a fifty-two week low of $5.54 and a fifty-two week high of $6.38. The firm has a 50 day moving average price of $6.05 and a 200 day moving average price of $6.04.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.018 dividend. 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 3.73%.

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.