BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $5.90 and traded as low as $5.07. BNY Mellon Strategic Municipal Bond Fund shares last traded at $5.1150, with a volume of 160,347 shares traded.
BNY Mellon Strategic Municipal Bond Fund Price Performance
The stock has a 50 day moving average of $5.61 and a 200 day moving average of $5.90.
BNY Mellon Strategic Municipal Bond Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be issued a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Wednesday, October 14th.
Hedge Funds Weigh In On BNY Mellon Strategic Municipal Bond Fund
A number of large investors have recently modified their holdings of DSM. Bulldog Investors LLP grew its position in BNY Mellon Strategic Municipal Bond Fund by 2.0% during the first quarter. Bulldog Investors LLP now owns 3,373,942 shares of the investment management company's stock valued at $20,277,000 after acquiring an additional 65,851 shares during the last quarter. Rivernorth Capital Management LLC grew its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 15.7% during the 2nd quarter. Rivernorth Capital Management LLC now owns 1,920,587 shares of the investment management company's stock valued at $11,812,000 after purchasing an additional 260,230 shares during the last quarter. Sit Investment Associates Inc. grew its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 11.8% during 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 purchasing an additional 195,867 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in BNY Mellon Strategic Municipal Bond Fund by 87.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,476,212 shares of the investment management company's stock worth $9,079,000 after purchasing an additional 689,844 shares during the period. Finally, Robinson Capital Management LLC raised its position in BNY Mellon Strategic Municipal Bond Fund by 9.8% in the 2nd quarter. Robinson Capital Management LLC now owns 467,193 shares of the investment management company's stock worth $2,878,000 after purchasing an additional 41,717 shares during the period.
About BNY Mellon Strategic Municipal Bond Fund
(
Get Free Report)
BNY Mellon Strategic Municipal Bond Fund NYSE: DSM is a closed-end investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal bonds and other municipal obligations issued by states, cities, counties, public authorities and other governmental entities in the United States.
The fund's portfolio may include a range of tax-exempt securities with different maturities, credit qualities and structures. Its investments are designed to generate income for shareholders while providing exposure to the U.S.
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