Edmonds Duncan Registered Investment Advisors LLC Maintains Stake in Dreyfus Strateg (DSM)
Edmonds Duncan Registered Investment Advisors LLC held its stake in shares of Dreyfus Strateg (NYSE:DSM) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,025 shares of the investment management company’s stock at the end of the second quarter. Edmonds Duncan Registered Investment Advisors LLC’s holdings in Dreyfus Strateg were worth $213,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of DSM. Bronfman E.L. Rothschild L.P. bought a new position in shares of Dreyfus Strateg during the 2nd quarter worth approximately $514,000. Ameriprise Financial Inc. grew its stake in shares of Dreyfus Strateg by 48.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 169,996 shares of the investment management company’s stock worth $1,397,000 after acquiring an additional 55,260 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in shares of Dreyfus Strateg by 751.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 34,040 shares of the investment management company’s stock worth $4,000,000 after acquiring an additional 30,040 shares in the last quarter. National Planning Corp bought a new position in shares of Dreyfus Strateg during the 2nd quarter worth approximately $215,000. Finally, SG Americas Securities LLC bought a new position in shares of Dreyfus Strateg during the 2nd quarter worth approximately $212,000. 7.98% of the stock is owned by institutional investors.
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Shares of Dreyfus Strateg (NYSE:DSM) traded up 0.25% during trading on Wednesday, hitting $8.59. 39,323 shares of the stock traded hands. Dreyfus Strateg has a 52 week low of $7.88 and a 52 week high of $9.10. The company has a 50-day moving average of $8.68 and a 200-day moving average of $8.49.
The company also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 14th will be issued a dividend of $0.0415 per share. The ex-dividend date is Wednesday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 5.78%.
About Dreyfus Strateg
Dreyfus Strategic Municipal Bond Fund, Inc is a diversified closed-end management investment company. The Fund’s investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Under normal market conditions, the Fund invests at least 80% of its net assets in municipal bonds considered investment grade or the unrated equivalent.
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