BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Shares Sold by Capital Market Strategies LLC

Capital Market Strategies LLC cut its stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 39.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,219 shares of the investment management company’s stock after selling 11,240 shares during the period. Capital Market Strategies LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $100,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Pathstone Holdings LLC increased its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 25.0% during the third quarter. Pathstone Holdings LLC now owns 2,141,763 shares of the investment management company’s stock valued at $13,344,000 after purchasing an additional 428,411 shares during the period. Rivernorth Capital Management LLC increased its stake in BNY Mellon Strategic Municipal Bond Fund by 13.7% during 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 buying an additional 201,105 shares during the period. Almitas Capital LLC lifted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 144.1% in the 2nd 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. Capital Investment Advisors LLC boosted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 1.0% in the third quarter. Capital Investment Advisors LLC now owns 313,890 shares of the investment management company’s stock valued at $1,956,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Whitebox Advisors LLC increased its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 15.9% during the third quarter. Whitebox Advisors LLC now owns 192,127 shares of the investment management company’s stock valued at $1,197,000 after acquiring an additional 26,319 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

DSM traded down $0.01 during trading on Monday, reaching $5.85. The stock had a trading volume of 46,619 shares, compared to its average volume of 104,488. The stock has a 50 day moving average of $5.98 and a two-hundred day moving average of $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 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 issued a $0.018 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.