Ackerman Capital Advisors LLC Has $731,000 Stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Ackerman Capital Advisors LLC boosted its holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 18.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,282 shares of the investment management company’s stock after buying an additional 18,639 shares during the period. Ackerman Capital Advisors LLC’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $731,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DSM. Wolverine Asset Management LLC grew its stake in BNY Mellon Strategic Municipal Bond Fund by 220.9% in the second quarter. Wolverine Asset Management LLC now owns 11,232 shares of the investment management company’s stock valued at $67,000 after acquiring an additional 7,732 shares during the period. Arbor Trust Wealth Advisors LLC acquired a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the 2nd quarter valued at approximately $77,000. WMG Financial Advisors LLC bought a new stake in BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter worth approximately $87,000. Signature Estate & Investment Advisors LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund during the 2nd quarter worth approximately $94,000. Finally, Aviance Capital Partners LLC lifted its stake in BNY Mellon Strategic Municipal Bond Fund by 78.8% in the first quarter. Aviance Capital Partners LLC now owns 20,246 shares of the investment management company’s stock valued at $119,000 after buying an additional 8,923 shares in the last quarter.

BNY Mellon Strategic Municipal Bond Fund Trading Up 0.3 %

BNY Mellon Strategic Municipal Bond Fund stock opened at $6.01 on Friday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a twelve month low of $4.69 and a twelve month high of $6.38. The company has a 50 day moving average of $6.18 and a 200-day moving average of $5.94.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.018 per share. This represents a $0.22 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Tuesday, October 15th.

About BNY Mellon Strategic Municipal Bond Fund

BNY Mellon Strategic Municipal Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from federal income tax.