BNY Mellon Strategic Municipal Bond Fund (NYSE:DSM) Director Purchases $11,534.46 in Stock

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Director Bradley Skapyak bought 1,894 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was bought at an average cost of $6.09 per share, for a total transaction of $11,534.46. Following the completion of the purchase, the director owned 1,894 shares of the company’s stock, valued at approximately $11,534.46. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

BNY Mellon Strategic Municipal Bond Fund Trading Up 0.5%

Shares of NYSE DSM traded up $0.03 during trading on Tuesday, reaching $6.12. The company had a trading volume of 62,728 shares, compared to its average volume of 96,352. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 12-month low of $5.45 and a 12-month high of $6.30. The business’s 50-day moving average is $6.05 and its 200 day moving average is $6.07.

BNY Mellon Strategic Municipal Bond Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be given a dividend of $0.03 per share. This represents a c) annualized dividend and a dividend yield of 5.9%. This is a boost from BNY Mellon Strategic Municipal Bond Fund’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Thursday, June 11th.

Institutional Investors Weigh In On BNY Mellon Strategic Municipal Bond Fund

Several institutional investors have recently modified their holdings of the business. Karpus Management Inc. boosted its position in BNY Mellon Strategic Municipal Bond Fund by 3,220.3% in the second quarter. Karpus Management Inc. now owns 856,403 shares of the investment management company’s stock worth $4,796,000 after purchasing an additional 830,610 shares during the last quarter. Rivernorth Capital Management LLC lifted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 98.7% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,660,357 shares of the investment management company’s stock valued at $9,979,000 after buying an additional 824,765 shares in the last quarter. Bulldog Investors LLP lifted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 26.0% during the 4th quarter. Bulldog Investors LLP now owns 3,308,091 shares of the investment management company’s stock valued at $20,411,000 after buying an additional 683,653 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 29.0% during the 4th quarter. Guggenheim Capital LLC now owns 1,239,418 shares of the investment management company’s stock valued at $7,647,000 after buying an additional 278,303 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in shares of BNY Mellon Strategic Municipal Bond Fund during the 4th quarter valued at about $1,234,000.

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.