Wolverine Asset Management LLC Acquires 24,761 Shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Wolverine Asset Management LLC grew its holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 229.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,568 shares of the investment management company’s stock after purchasing an additional 24,761 shares during the period. Wolverine Asset Management LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Aviance Capital Partners LLC boosted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 6.6% in the third quarter. Aviance Capital Partners LLC now owns 27,091 shares of the investment management company’s stock worth $169,000 after acquiring an additional 1,669 shares during the period. Stifel Financial Corp lifted its holdings in BNY Mellon Strategic Municipal Bond Fund by 4.4% during the 3rd quarter. Stifel Financial Corp now owns 61,442 shares of the investment management company’s stock worth $383,000 after purchasing an additional 2,603 shares in the last quarter. Avior Wealth Management LLC boosted its stake in BNY Mellon Strategic Municipal Bond Fund by 24.9% in the 3rd quarter. Avior Wealth Management LLC now owns 35,258 shares of the investment management company’s stock worth $220,000 after purchasing an additional 7,027 shares during the period. Farther Finance Advisors LLC grew its holdings in BNY Mellon Strategic Municipal Bond Fund by 9.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 95,089 shares of the investment management company’s stock valued at $592,000 after buying an additional 8,554 shares in the last quarter. Finally, Park Avenue Securities LLC increased its position in shares of BNY Mellon Strategic Municipal Bond Fund by 6.3% during the fourth quarter. Park Avenue Securities LLC now owns 162,065 shares of the investment management company’s stock valued at $942,000 after buying an additional 9,666 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Stock Down 0.1 %

BNY Mellon Strategic Municipal Bond Fund stock opened at $5.99 on Monday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 1-year low of $5.54 and a 1-year high of $6.38. The firm’s 50 day simple moving average is $5.86 and its 200 day simple moving average is $6.03.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.018 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.61%.

BNY Mellon Strategic Municipal Bond Fund Company 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.