Almitas Capital LLC purchased a new position in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 625,461 shares of the investment management company's stock, valued at approximately $3,634,000. BNY Mellon Strategic Municipal Bond Fund comprises 0.8% of Almitas Capital LLC's portfolio, making the stock its 24th biggest position.
Several other large investors also recently added to or reduced their stakes in DSM. Landscape Capital Management L.L.C. acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the 4th quarter worth about $84,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund during the fourth quarter worth about $177,000. Wolverine Asset Management LLC boosted its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 229.1% in the fourth quarter. Wolverine Asset Management LLC now owns 35,568 shares of the investment management company's stock valued at $207,000 after purchasing an additional 24,761 shares during the period. Melfa Wealth Management Inc. grew its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 39.5% in the fourth quarter. Melfa Wealth Management Inc. now owns 44,111 shares of the investment management company's stock valued at $256,000 after purchasing an additional 12,500 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the fourth quarter valued at approximately $343,000.
BNY Mellon Strategic Municipal Bond Fund Stock Up 0.1 %
Shares of BNY Mellon Strategic Municipal Bond Fund stock traded up $0.01 during trading hours on Monday, reaching $5.68. 146,021 shares of the company were exchanged, compared to its average volume of 138,755. 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's fifty day moving average is $5.73 and its 200 day moving average is $5.87.
BNY Mellon Strategic Municipal Bond Fund Dividend Announcement
The firm also recently declared 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. This represents a $0.22 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Wednesday, May 14th.
Insider Transactions at BNY Mellon Strategic Municipal Bond Fund
In related news, major shareholder Saba Capital Management, L.P. acquired 5,267 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was bought at an average cost of $5.48 per share, with a total value of $28,863.16. Following the transaction, the insider now owns 5,146,241 shares of the company's stock, valued at $28,201,400.68. The trade was a 0.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
BNY Mellon Strategic Municipal Bond Fund Company Profile
(
Free Report)
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.
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