MML Investors Services LLC boosted its stake in DREYFUS STRATEG (NYSE:DSM) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,729 shares of the investment management company’s stock after purchasing an additional 1,221 shares during the quarter. MML Investors Services LLC’s holdings in DREYFUS STRATEG were worth $159,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DSM. Benjamin F. Edwards & Company Inc. purchased a new stake in DREYFUS STRATEG in the 2nd quarter worth $102,000. SG Americas Securities LLC purchased a new stake in shares of DREYFUS STRATEG during the 2nd quarter valued at about $212,000. National Planning Corp purchased a new stake in shares of DREYFUS STRATEG during the 2nd quarter valued at about $215,000. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of DREYFUS STRATEG during the 2nd quarter valued at about $514,000. Finally, Van ECK Associates Corp raised its position in shares of DREYFUS STRATEG by 15.8% during the 2nd quarter. Van ECK Associates Corp now owns 94,053 shares of the investment management company’s stock valued at $800,000 after buying an additional 12,832 shares in the last quarter. Institutional investors and hedge funds own 7.98% of the company’s stock.

Shares of DREYFUS STRATEG (NYSE DSM) opened at 8.52 on Friday. The stock’s 50 day moving average is $8.59 and its 200 day moving average is $8.52. DREYFUS STRATEG has a 12 month low of $7.88 and a 12 month high of $8.85.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be paid a $0.0415 dividend. This represents a $0.50 annualized dividend and a dividend yield of 5.85%. The ex-dividend date is Thursday, October 12th.

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DREYFUS STRATEG Company Profile

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.

Institutional Ownership by Quarter for DREYFUS STRATEG (NYSE:DSM)

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