BNY Mellon Strategic Municipal Bond Fund, Inc. $DSM Shares Sold by Gridiron Partners LLC

Gridiron Partners LLC lessened its position in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 86.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,891 shares of the investment management company’s stock after selling 318,895 shares during the quarter. Gridiron Partners LLC owned about 0.10% of BNY Mellon Strategic Municipal Bond Fund worth $302,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the third quarter worth approximately $48,000. Cerity Partners LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter worth $56,000. Nomura Holdings Inc. purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the third quarter worth $74,000. Lee Financial Co purchased a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the third quarter worth $172,000. Finally, Geneos Wealth Management Inc. raised its position in shares of BNY Mellon Strategic Municipal Bond Fund by 51.8% in the second quarter. Geneos Wealth Management Inc. now owns 42,860 shares of the investment management company’s stock valued at $240,000 after buying an additional 14,630 shares during the last quarter.

BNY Mellon Strategic Municipal Bond Fund Price Performance

NYSE:DSM opened at $5.94 on Friday. The company’s 50-day moving average price is $6.14 and its 200-day moving average price is $6.03. BNY Mellon Strategic Municipal Bond Fund, Inc. has a twelve month low of $5.28 and a twelve month high of $6.30.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th will be issued a $0.026 dividend. The ex-dividend date is Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 5.3%.

About BNY Mellon Strategic Municipal Bond Fund

BNY Mellon Strategic Municipal Bond Fund Inc (NYSE: DSM) is a closed-end, diversified management investment company sponsored by The Bank of New York Mellon Corporation. Launched in 2007, DSM is listed on the New York Stock Exchange and offers investors access to a professionally managed portfolio of municipal debt securities. As a publicly traded fund, DSM combines the liquidity of the secondary market with the long-term investment horizon of a mutual fund structure.

The fund’s primary objective is to provide current income exempt from federal income tax.