Bulldog Investors LLP boosted its position in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM - Free Report) by 156.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,101,361 shares of the investment management company's stock after purchasing an additional 1,281,127 shares during the quarter. BNY Mellon Strategic Municipal Bond Fund comprises approximately 3.3% of Bulldog Investors LLP's investment portfolio, making the stock its 4th largest position. Bulldog Investors LLP's holdings in BNY Mellon Strategic Municipal Bond Fund were worth $12,223,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC raised its position in shares of BNY Mellon Strategic Municipal Bond Fund by 4.0% in the fourth quarter. Guggenheim Capital LLC now owns 909,118 shares of the investment management company's stock valued at $5,282,000 after buying an additional 35,251 shares during the last quarter. Almitas Capital LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the 4th quarter valued at about $3,634,000. Whitebox Advisors LLC lifted its stake in BNY Mellon Strategic Municipal Bond Fund by 222.7% in the 4th quarter. Whitebox Advisors LLC now owns 619,946 shares of the investment management company's stock worth $3,602,000 after purchasing an additional 427,819 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 15.6% during the 4th quarter. Wells Fargo & Company MN now owns 531,115 shares of the investment management company's stock worth $3,086,000 after purchasing an additional 71,534 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of BNY Mellon Strategic Municipal Bond Fund by 5.8% in the fourth quarter. Van ECK Associates Corp now owns 419,830 shares of the investment management company's stock valued at $2,439,000 after purchasing an additional 23,135 shares in the last quarter.
Insider Activity at BNY Mellon Strategic Municipal Bond Fund
In other BNY Mellon Strategic Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. acquired 5,267 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average cost of $5.48 per share, for a total transaction of $28,863.16. Following the completion of the transaction, the insider now owns 5,146,241 shares of the company's stock, valued at approximately $28,201,400.68. The trade was a 0.10 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
BNY Mellon Strategic Municipal Bond Fund Stock Performance
BNY Mellon Strategic Municipal Bond Fund stock traded up $0.02 during trading on Friday, reaching $5.76. 31,305 shares of the company were exchanged, compared to its average volume of 138,261. The stock's 50 day simple moving average is $5.70 and its two-hundred day simple moving average is $5.86. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 52-week low of $5.28 and a 52-week high of $6.38.
BNY Mellon Strategic Municipal Bond Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.018 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.22 annualized dividend and a dividend yield of 3.75%.
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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