BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,019 shares of the investment management company’s stock after purchasing an additional 3,506 shares during the quarter. Envestnet Asset Management Inc.’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $1,011,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 15.6% in the fourth quarter. Wells Fargo & Company MN now owns 531,115 shares of the investment management company’s stock valued at $3,086,000 after buying an additional 71,534 shares during the last quarter. Van ECK Associates Corp increased its position in BNY Mellon Strategic Municipal Bond Fund by 5.8% in the 4th quarter. Van ECK Associates Corp now owns 419,830 shares of the investment management company’s stock valued at $2,439,000 after acquiring an additional 23,135 shares during the period. Park Avenue Securities LLC raised its stake in BNY Mellon Strategic Municipal Bond Fund by 6.3% during the 4th quarter. Park Avenue Securities LLC now owns 162,065 shares of the investment management company’s stock valued at $942,000 after acquiring an additional 9,666 shares during the last quarter. Ackerman Capital Advisors LLC lifted its position in BNY Mellon Strategic Municipal Bond Fund by 25.9% during the 4th quarter. Ackerman Capital Advisors LLC now owns 147,644 shares of the investment management company’s stock worth $858,000 after acquiring an additional 30,362 shares during the period. Finally, Noble Wealth Management PBC purchased a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the 4th quarter valued at approximately $823,000.

Insiders Place Their Bets

In other BNY Mellon Strategic Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. acquired 5,267 shares of the stock in a transaction on Tuesday, April 15th. The shares were bought at an average price of $5.48 per share, with a total value of $28,863.16. Following the acquisition, the insider now owns 5,146,241 shares of the company’s stock, valued at $28,201,400.68. This trade represents a 0.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

BNY Mellon Strategic Municipal Bond Fund Price Performance

NYSE:DSM opened at $5.69 on Friday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 12-month low of $5.28 and a 12-month high of $6.38. The stock’s 50 day simple moving average is $5.74 and its 200-day simple moving average is $5.88.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 14th will be paid a $0.018 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.22 annualized dividend and a yield of 3.80%.

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.