BNY Mellon Strategic Municipal Bond Fund, Inc. $DSM Stake Decreased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. cut its holdings in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 38.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 388,511 shares of the investment management company’s stock after selling 240,507 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $2,397,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter valued at approximately $48,000. Cerity Partners LLC acquired a new position in BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter worth $56,000. Nomura Holdings Inc. bought a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the third quarter worth $74,000. Lee Financial Co bought a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the third quarter worth $172,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 51.8% during the second quarter. Geneos Wealth Management Inc. now owns 42,860 shares of the investment management company’s stock valued at $240,000 after purchasing an additional 14,630 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Stock Performance

Shares of NYSE DSM opened at $5.95 on Wednesday. The firm’s 50-day simple moving average is $6.10 and its 200 day simple moving average is $6.04. BNY Mellon Strategic Municipal Bond Fund, Inc. has a fifty-two week low of $5.28 and a fifty-two week high of $6.30.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 14th will be paid a dividend of $0.026 per share. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a c) annualized dividend and a yield of 5.2%.

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.