Almitas Capital LLC Acquires 330,189 Shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Almitas Capital LLC boosted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 144.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 559,398 shares of the investment management company’s stock after purchasing an additional 330,189 shares during the quarter. BNY Mellon Strategic Municipal Bond Fund comprises approximately 1.4% of Almitas Capital LLC’s holdings, making the stock its 23rd largest position. Almitas Capital LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $3,323,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC boosted its stake in 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 valued at $67,000 after purchasing an additional 7,732 shares during the period. Arbor Trust Wealth Advisors LLC bought a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the 2nd quarter worth approximately $77,000. WMG Financial Advisors LLC bought a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the 2nd quarter worth approximately $87,000. Signature Estate & Investment Advisors LLC bought a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the 2nd quarter worth approximately $94,000. Finally, Novak & Powell Financial Services Inc. bought a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the 4th quarter worth approximately $95,000.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.2 %

Shares of DSM stock opened at $6.22 on Friday. The stock has a 50 day moving average of $6.11 and a two-hundred day moving average of $5.89. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 12 month low of $4.69 and a 12 month high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be issued a dividend of $0.018 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.22 dividend on an annualized basis and a yield of 3.48%.

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.