Ackerman Capital Advisors LLC Buys 20,001 Shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Ackerman Capital Advisors LLC increased its position in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 25.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,643 shares of the investment management company’s stock after buying an additional 20,001 shares during the period. Ackerman Capital Advisors LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $586,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bridgewater Advisors Inc. purchased a new stake in BNY Mellon Strategic Municipal Bond Fund during the fourth quarter valued at approximately $441,000. Kingswood Wealth Advisors LLC raised its position in BNY Mellon Strategic Municipal Bond Fund by 118.3% during the first quarter. Kingswood Wealth Advisors LLC now owns 31,000 shares of the investment management company’s stock valued at $182,000 after purchasing an additional 16,800 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in BNY Mellon Strategic Municipal Bond Fund during the fourth quarter valued at approximately $63,000. Van ECK Associates Corp grew its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 14.7% during the fourth quarter. Van ECK Associates Corp now owns 376,578 shares of the investment management company’s stock valued at $2,150,000 after buying an additional 48,259 shares during the last quarter. Finally, Bulldog Investors LLP grew its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 12.5% during the fourth quarter. Bulldog Investors LLP now owns 468,928 shares of the investment management company’s stock valued at $2,678,000 after buying an additional 51,967 shares during the last quarter.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.7 %

Shares of DSM traded down $0.04 during mid-day trading on Monday, reaching $6.11. 117,678 shares of the company’s stock traded hands, compared to its average volume of 132,097. The stock’s 50-day moving average is $5.96 and its two-hundred day moving average is $5.82. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 12 month low of $4.69 and a 12 month high of $6.17.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.018 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.54%.

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.