7,007 Shares in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Acquired by US Bancorp DE

US Bancorp DE acquired a new position in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,007 shares of the investment management company’s stock, valued at approximately $42,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Logan Stone Capital LLC lifted its holdings in BNY Mellon Strategic Municipal Bond Fund by 2,779.1% during the fourth quarter. Logan Stone Capital LLC now owns 397,320 shares of the investment management company’s stock worth $2,297,000 after buying an additional 383,520 shares during the period. Morgan Stanley lifted its holdings in BNY Mellon Strategic Municipal Bond Fund by 68.8% during the fourth quarter. Morgan Stanley now owns 909,676 shares of the investment management company’s stock worth $5,258,000 after buying an additional 370,811 shares during the period. Guggenheim Capital LLC lifted its holdings in BNY Mellon Strategic Municipal Bond Fund by 33.1% during the first quarter. Guggenheim Capital LLC now owns 734,074 shares of the investment management company’s stock worth $5,189,000 after buying an additional 182,476 shares during the period. Robinson Capital Management LLC purchased a new stake in BNY Mellon Strategic Municipal Bond Fund during the first quarter worth $1,262,000. Finally, Envestnet Asset Management Inc. lifted its holdings in BNY Mellon Strategic Municipal Bond Fund by 62.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 254,359 shares of the investment management company’s stock worth $1,470,000 after buying an additional 97,537 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

Shares of DSM opened at $5.42 on Friday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 12 month low of $5.24 and a 12 month high of $6.42. The stock has a fifty day moving average price of $5.61 and a 200-day moving average price of $5.68.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a dividend of $0.018 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.22 annualized dividend and a dividend yield of 3.99%.

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.