Raymond James Financial Services Advisors Inc. boosted its stake in shares of Dreyfus Strateg (NYSE:DSM) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,184 shares of the company’s stock after buying an additional 1,473 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Dreyfus Strateg were worth $214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Laurel Wealth Advisors Inc. increased its holdings in shares of Dreyfus Strateg by 6.4% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 43,030 shares of the company’s stock valued at $366,000 after purchasing an additional 2,580 shares during the period. Arete Wealth Advisors LLC increased its holdings in shares of Dreyfus Strateg by 1.6% in the 2nd quarter. Arete Wealth Advisors LLC now owns 263,657 shares of the company’s stock valued at $2,244,000 after purchasing an additional 4,214 shares during the period. Doliver Capital Advisors LP increased its holdings in shares of Dreyfus Strateg by 8.1% in the 2nd quarter. Doliver Capital Advisors LP now owns 31,027 shares of the company’s stock valued at $264,000 after purchasing an additional 2,312 shares during the period. MML Investors Services LLC increased its holdings in shares of Dreyfus Strateg by 7.0% in the 2nd quarter. MML Investors Services LLC now owns 18,729 shares of the company’s stock valued at $159,000 after purchasing an additional 1,221 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Dreyfus Strateg by 15.8% in the 2nd quarter. Van ECK Associates Corp now owns 94,053 shares of the company’s stock valued at $800,000 after purchasing an additional 12,832 shares during the period. Institutional investors own 7.41% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Dreyfus Strateg (DSM) Holdings Increased by Raymond James Financial Services Advisors Inc.” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2017/11/13/dreyfus-strateg-dsm-holdings-increased-by-raymond-james-financial-services-advisors-inc.html.

Dreyfus Strateg (NYSE DSM) opened at C$8.43 on Monday. Dreyfus Strateg has a twelve month low of C$7.88 and a twelve month high of C$8.85.

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Tuesday, November 14th will be issued a $0.0415 dividend. The ex-dividend date is Monday, November 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.91%.

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.

Want to see what other hedge funds are holding DSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dreyfus Strateg (NYSE:DSM).

Institutional Ownership by Quarter for Dreyfus Strateg (NYSE:DSM)

Receive News & Stock Ratings for Dreyfus Strateg Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dreyfus Strateg and related stocks with our FREE daily email newsletter.