Logan Stone Capital LLC lowered its stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM - Free Report) by 39.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 401,528 shares of the investment management company's stock after selling 263,207 shares during the quarter. BNY Mellon Strategic Municipal Bond Fund comprises 0.8% of Logan Stone Capital LLC's portfolio, making the stock its 21st biggest holding. Logan Stone Capital LLC's holdings in BNY Mellon Strategic Municipal Bond Fund were worth $2,333,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 2.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 174,019 shares of the investment management company's stock valued at $1,011,000 after purchasing an additional 3,506 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its stake in BNY Mellon Strategic Municipal Bond Fund by 7.6% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 107,273 shares of the investment management company's stock worth $623,000 after purchasing an additional 7,563 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in BNY Mellon Strategic Municipal Bond Fund by 6.6% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 131,521 shares of the investment management company's stock valued at $764,000 after acquiring an additional 8,097 shares during the period. Park Avenue Securities LLC grew its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 6.3% in the fourth quarter. Park Avenue Securities LLC now owns 162,065 shares of the investment management company's stock worth $942,000 after purchasing an additional 9,666 shares during the last quarter. Finally, Melfa Wealth Management Inc. increased its position in shares of BNY Mellon Strategic Municipal Bond Fund by 39.5% during the fourth 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.
Insider Transactions at BNY Mellon Strategic Municipal Bond Fund
In related news, major shareholder Saba Capital Management, L.P. acquired 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, for a total transaction of $28,863.16. Following the purchase, the insider now owns 5,146,241 shares of the company's stock, valued at approximately $28,201,400.68. This represents a 0.10% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
BNY Mellon Strategic Municipal Bond Fund Price Performance
Shares of DSM stock traded up $0.02 during mid-day trading on Thursday, hitting $5.73. The stock had a trading volume of 66,937 shares, compared to its average volume of 137,323. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 12-month low of $5.28 and a 12-month high of $6.38. The firm's 50-day moving average is $5.68 and its two-hundred day moving average is $5.85.
BNY Mellon Strategic Municipal Bond Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.018 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.22 annualized dividend and a yield of 3.77%.
About BNY Mellon Strategic Municipal Bond Fund
(
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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