BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its position in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 89.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,800 shares of the investment management company’s stock after selling 85,289 shares during the period. Farther Finance Advisors LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC increased its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 13.7% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,666,877 shares of the investment management company’s stock valued at $10,385,000 after purchasing an additional 201,105 shares in the last quarter. Noble Wealth Management PBC acquired a new position in BNY Mellon Strategic Municipal Bond Fund during the fourth quarter worth about $823,000. HighTower Advisors LLC increased its holdings in BNY Mellon Strategic Municipal Bond Fund by 220.5% in the third quarter. HighTower Advisors LLC now owns 110,992 shares of the investment management company’s stock valued at $689,000 after buying an additional 76,362 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 4th quarter valued at approximately $343,000. Finally, Ackerman Capital Advisors LLC boosted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 25.9% during the 4th quarter. Ackerman Capital Advisors LLC now owns 147,644 shares of the investment management company’s stock worth $858,000 after acquiring an additional 30,362 shares in the last quarter.

BNY Mellon Strategic Municipal Bond Fund Price Performance

BNY Mellon Strategic Municipal Bond Fund stock opened at $5.89 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 stock’s fifty day moving average is $5.90 and its two-hundred day moving average is $6.00.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.018 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.22 annualized dividend and a dividend yield of 3.67%.

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.