Stifel Financial Corp Buys 2,603 Shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Stifel Financial Corp grew its stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,442 shares of the investment management company’s stock after buying an additional 2,603 shares during the quarter. Stifel Financial Corp’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $383,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DSM. HighTower Advisors LLC lifted its holdings in BNY Mellon Strategic Municipal Bond Fund by 220.5% during the third quarter. HighTower Advisors LLC now owns 110,992 shares of the investment management company’s stock valued at $689,000 after purchasing an additional 76,362 shares in the last quarter. Rothschild Investment LLC bought a new stake in BNY Mellon Strategic Municipal Bond Fund during the second quarter valued at about $240,000. AE Wealth Management LLC grew its position in shares of BNY Mellon Strategic Municipal Bond Fund by 68.6% during the second quarter. AE Wealth Management LLC now owns 26,550 shares of the investment management company’s stock worth $158,000 after purchasing an additional 10,800 shares in the last quarter. Advisor OS LLC raised its stake in BNY Mellon Strategic Municipal Bond Fund by 10.3% during the 2nd quarter. Advisor OS LLC now owns 20,966 shares of the investment management company’s stock valued at $125,000 after purchasing an additional 1,955 shares during the period. Finally, Arbor Trust Wealth Advisors LLC bought a new position in BNY Mellon Strategic Municipal Bond Fund in the 2nd quarter worth approximately $77,000.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.2 %

BNY Mellon Strategic Municipal Bond Fund stock opened at $5.75 on Friday. The firm’s 50 day moving average price is $6.00 and its 200-day moving average price is $6.04. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 1 year low of $5.54 and a 1 year high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

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

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.