Citadel Advisors LLC Sells 3,311 Shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Citadel Advisors LLC cut its stake in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 19.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,699 shares of the investment management company’s stock after selling 3,311 shares during the period. Citadel Advisors LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $80,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DSM. Bank of America Corp DE increased its position in shares of BNY Mellon Strategic Municipal Bond Fund by 2,269.6% during the 4th quarter. Bank of America Corp DE now owns 34,264 shares of the investment management company’s stock valued at $199,000 after purchasing an additional 32,818 shares during the last quarter. Benjamin Edwards Inc. increased its position in shares of BNY Mellon Strategic Municipal Bond Fund by 94.4% during the 4th quarter. Benjamin Edwards Inc. now owns 46,361 shares of the investment management company’s stock valued at $269,000 after purchasing an additional 22,518 shares during the last quarter. Almitas Capital LLC purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 4th quarter valued at $3,634,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 4th quarter valued at $177,000. Finally, Whitebox Advisors LLC increased its position in shares of BNY Mellon Strategic Municipal Bond Fund by 222.7% during the 4th quarter. Whitebox Advisors LLC now owns 619,946 shares of the investment management company’s stock valued at $3,602,000 after purchasing an additional 427,819 shares during the last quarter.

BNY Mellon Strategic Municipal Bond Fund Stock Up 0.2%

Shares of BNY Mellon Strategic Municipal Bond Fund stock opened at $5.56 on Wednesday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 1 year low of $5.28 and a 1 year high of $6.38. The stock has a fifty day moving average price of $5.60 and a 200-day moving average price of $5.80.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 14th were given a dividend of $0.018 per share. This represents a $0.22 annualized dividend and a dividend yield of 3.88%. The ex-dividend date was Wednesday, May 14th.

Insider Buying and Selling

In related 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 stock was acquired at an average price of $5.48 per share, with a total value of $28,863.16. Following the acquisition, the insider now directly owns 5,146,241 shares of the company’s stock, valued at $28,201,400.68. This represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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.