Riverbridge Partners LLC Decreases Stock Holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Riverbridge Partners LLC lowered its stake in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 9.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 129,180 shares of the investment management company’s stock after selling 13,600 shares during the period. Riverbridge Partners LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $751,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Pathstone Holdings LLC grew its position in BNY Mellon Strategic Municipal Bond Fund by 25.0% in the 3rd quarter. Pathstone Holdings LLC now owns 2,141,763 shares of the investment management company’s stock worth $13,344,000 after purchasing an additional 428,411 shares during the period. Almitas Capital LLC grew its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 144.1% in the second quarter. Almitas Capital LLC now owns 559,398 shares of the investment management company’s stock worth $3,323,000 after acquiring an additional 330,189 shares during the period. Rivernorth Capital Management LLC increased its position in BNY Mellon Strategic Municipal Bond Fund by 13.7% during the third quarter. Rivernorth Capital Management LLC now owns 1,666,877 shares of the investment management company’s stock valued at $10,385,000 after acquiring an additional 201,105 shares during the last quarter. HighTower Advisors LLC lifted 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 acquiring an additional 76,362 shares during the period. Finally, Whitebox Advisors LLC boosted its position in BNY Mellon Strategic Municipal Bond Fund by 15.9% in the third quarter. Whitebox Advisors LLC now owns 192,127 shares of the investment management company’s stock worth $1,197,000 after purchasing an additional 26,319 shares during the last quarter.

BNY Mellon Strategic Municipal Bond Fund Stock Down 0.4 %

NYSE DSM opened at $5.83 on Friday. The company has a 50-day moving average price of $5.92 and a 200-day moving average price of $6.03. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 52 week low of $5.54 and a 52 week high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.018 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.22 annualized dividend and a yield of 3.71%.

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.