Bridgewater Advisors Inc. Invests $441,000 in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Bridgewater Advisors Inc. purchased a new stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) during the 4th quarter, Holdings Channel reports. The firm purchased 77,225 shares of the investment management company’s stock, valued at approximately $441,000.

A number of other hedge funds also recently made changes to their positions in the business. Indie Asset Partners LLC acquired a new stake in BNY Mellon Strategic Municipal Bond Fund in the 4th quarter valued at approximately $62,000. Park National Corp OH bought a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the 4th quarter worth $63,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of BNY Mellon Strategic Municipal Bond Fund in the fourth quarter valued at $63,000. Ironsides Asset Advisors LLC boosted its stake in BNY Mellon Strategic Municipal Bond Fund by 34.0% during the third quarter. Ironsides Asset Advisors LLC now owns 14,263 shares of the investment management company’s stock valued at $71,000 after buying an additional 3,618 shares in the last quarter. Finally, Almitas Capital LLC bought a new position in BNY Mellon Strategic Municipal Bond Fund during the third quarter valued at about $80,000.

BNY Mellon Strategic Municipal Bond Fund Price Performance

BNY Mellon Strategic Municipal Bond Fund stock traded up $0.03 during midday trading on Tuesday, hitting $5.62. The company’s stock had a trading volume of 118,631 shares, compared to its average volume of 143,497. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 12 month low of $4.69 and a 12 month high of $5.91. The stock’s 50-day moving average price is $5.74 and its 200-day moving average price is $5.55.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Tuesday, May 14th will be issued a $0.018 dividend. The ex-dividend date is Monday, May 13th. This represents a $0.22 annualized dividend and a dividend yield of 3.84%.

BNY Mellon Strategic Municipal Bond Fund Company Profile

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.