Mercer Global Advisors Inc. ADV Makes New $177,000 Investment in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Mercer Global Advisors Inc. ADV acquired a new position in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 30,507 shares of the investment management company’s stock, valued at approximately $177,000.

A number of other hedge funds have also recently added to or reduced their stakes in DSM. Park Avenue Securities LLC increased 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 worth $942,000 after acquiring an additional 9,666 shares during the period. Melfa Wealth Management Inc. increased its stake in BNY Mellon Strategic Municipal Bond Fund by 39.5% during the 4th quarter. Melfa Wealth Management Inc. now owns 44,111 shares of the investment management company’s stock worth $256,000 after acquiring an additional 12,500 shares during the period. Van ECK Associates Corp increased its stake in BNY Mellon Strategic Municipal Bond Fund by 5.8% during the 4th quarter. Van ECK Associates Corp now owns 419,830 shares of the investment management company’s stock worth $2,439,000 after acquiring an additional 23,135 shares during the period. Wolverine Asset Management LLC increased its stake in BNY Mellon Strategic Municipal Bond Fund by 229.1% during the 4th quarter. Wolverine Asset Management LLC now owns 35,568 shares of the investment management company’s stock worth $207,000 after acquiring an additional 24,761 shares during the period. Finally, Ackerman Capital Advisors LLC increased its stake 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.

Insider Buying and Selling at BNY Mellon Strategic Municipal Bond Fund

In other BNY Mellon Strategic Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. bought 5,267 shares of BNY Mellon Strategic Municipal Bond Fund stock in a transaction on Tuesday, April 15th. The shares were purchased 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 in the company, valued at $28,201,400.68. This trade represents a 0.10% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

BNY Mellon Strategic Municipal Bond Fund stock opened at $5.73 on Friday. The stock’s fifty day moving average price is $5.68 and its two-hundred day moving average price is $5.85. BNY Mellon Strategic Municipal Bond Fund, Inc. has a one year low of $5.28 and a one year high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 14th will be issued a $0.018 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Wednesday, May 14th.

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.