Hennion & Walsh Asset Management Inc. Has $3.72 Million Position in BNY Mellon Strategic Municipal Bond Fund, Inc. $DSM

Hennion & Walsh Asset Management Inc. lessened its holdings in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 39.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 629,018 shares of the investment management company’s stock after selling 413,668 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 1.25% of BNY Mellon Strategic Municipal Bond Fund worth $3,724,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Riverbridge Partners LLC raised its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 2.9% during the 3rd quarter. Riverbridge Partners LLC now owns 164,586 shares of the investment management company’s stock valued at $974,000 after purchasing an additional 4,612 shares in the last quarter. Geneos Wealth Management Inc. increased its position in 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 worth $240,000 after buying an additional 14,630 shares during the last quarter. Bank of America Corp DE raised its holdings in BNY Mellon Strategic Municipal Bond Fund by 7,654.0% during the second quarter. Bank of America Corp DE now owns 73,353 shares of the investment management company’s stock valued at $411,000 after buying an additional 72,407 shares in the last quarter. Karpus Management Inc. raised its holdings in BNY Mellon Strategic Municipal Bond Fund by 3,220.3% during the second quarter. Karpus Management Inc. now owns 856,403 shares of the investment management company’s stock valued at $4,796,000 after buying an additional 830,610 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the second quarter worth about $56,000.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. purchased 27,875 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were bought at an average price of $5.90 per share, with a total value of $164,462.50. Following the completion of the transaction, the insider directly owned 5,180,466 shares in the company, valued at $30,564,749.40. This trade represents a 0.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BNY Mellon Strategic Municipal Bond Fund Price Performance

Shares of NYSE DSM opened at $6.10 on Wednesday. The business’s 50-day simple moving average is $5.99 and its 200-day simple moving average is $5.83. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 52 week low of $5.28 and a 52 week high of $6.19.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th will be issued a dividend of $0.023 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, January 14th.

About BNY Mellon Strategic Municipal Bond Fund

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.