Hennion & Walsh Asset Management Inc. Has $9.08 Million Holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. $DSM

Key Points

• Hennion & Walsh Asset Management increased its BNY Mellon Strategic Municipal Bond Fund position by 87.7% in the second quarter, holding 1.48 million shares worth approximately $9.08 million, or 2.99% of DSM.
• Several other institutional investors also expanded their holdings, including Rivernorth Capital Management, which nearly doubled its position, and Sit Investment Associates, which increased its stake by 11.8%.
• DSM shares opened at $5.92, within a 12-month range of $5.52 to $6.30. The fund declared a monthly dividend of $0.03 per share, representing an annualized yield of approximately 6.1%.

Hennion & Walsh Asset Management Inc. increased its position in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM - Free Report) by 87.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,476,212 shares of the investment management company's stock after acquiring an additional 689,844 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 2.99% of BNY Mellon Strategic Municipal Bond Fund worth $9,079,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Saba Capital Management L.P. increased its stake in shares of BNY Mellon Strategic Municipal Bond Fund by 0.5% in the fourth quarter. Saba Capital Management L.P. now owns 5,179,441 shares of the investment management company's stock worth $31,957,000 after purchasing an additional 26,850 shares during the period. Pathstone Holdings LLC boosted its stake in BNY Mellon Strategic Municipal Bond Fund by 2.1% during the 3rd quarter. Pathstone Holdings LLC now owns 3,559,421 shares of the investment management company's stock valued at $21,072,000 after purchasing an additional 73,309 shares during the period. Bulldog Investors LLP boosted its stake in BNY Mellon Strategic Municipal Bond Fund by 2.0% during the 1st quarter. Bulldog Investors LLP now owns 3,373,942 shares of the investment management company's stock valued at $20,277,000 after purchasing an additional 65,851 shares during the period. Sit Investment Associates Inc. grew its holdings in BNY Mellon Strategic Municipal Bond Fund by 11.8% in the 4th quarter. Sit Investment Associates Inc. now owns 1,862,381 shares of the investment management company's stock valued at $11,491,000 after buying an additional 195,867 shares during the last quarter. Finally, Rivernorth Capital Management LLC grew its holdings in BNY Mellon Strategic Municipal Bond Fund by 98.7% in the 1st quarter. Rivernorth Capital Management LLC now owns 1,660,357 shares of the investment management company's stock valued at $9,979,000 after buying an additional 824,765 shares during the last quarter.

BNY Mellon Strategic Municipal Bond Fund Stock Up 0.6%

Shares of NYSE DSM opened at $5.92 on Friday. The business's 50 day moving average is $6.05 and its two-hundred day moving average is $6.07. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 12 month low of $5.52 and a 12 month high of $6.30.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, August 13th will be paid a $0.03 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 6.1%.

BNY Mellon Strategic Municipal Bond Fund Company Profile

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.

Want to see what other hedge funds are holding DSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM - Free Report).

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