BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Stake Lowered by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. decreased its stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,770 shares of the investment management company’s stock after selling 9,455 shares during the period. Bridgewater Advisors Inc.’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wolverine Asset Management LLC raised its position in shares of BNY Mellon Strategic Municipal Bond Fund by 220.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 11,232 shares of the investment management company’s stock worth $67,000 after buying an additional 7,732 shares in the last quarter. Arbor Trust Wealth Advisors LLC bought a new position in BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter valued at $77,000. WMG Financial Advisors LLC acquired a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter valued at $87,000. Signature Estate & Investment Advisors LLC acquired a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter valued at $94,000. Finally, Advisor OS LLC raised its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 10.3% in the 2nd quarter. Advisor OS LLC now owns 20,966 shares of the investment management company’s stock worth $125,000 after buying an additional 1,955 shares in the last quarter.

BNY Mellon Strategic Municipal Bond Fund Stock Down 1.8 %

Shares of DSM stock opened at $5.93 on Thursday. The stock has a 50-day simple moving average of $6.16 and a 200 day simple moving average of $5.97. BNY Mellon Strategic Municipal Bond Fund, Inc. has a fifty-two week low of $4.99 and a fifty-two week high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.018 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.22 annualized dividend and a dividend yield of 3.64%.

BNY Mellon Strategic Municipal Bond Fund Profile

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.