Melfa Wealth Management Inc. Has $256,000 Stake in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

Melfa Wealth Management Inc. grew its holdings in shares of BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 39.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,111 shares of the investment management company’s stock after purchasing an additional 12,500 shares during the period. Melfa Wealth Management Inc.’s holdings in BNY Mellon Strategic Municipal Bond Fund were worth $256,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Park Avenue Securities LLC increased its stake in BNY Mellon Strategic Municipal Bond Fund by 6.3% during the 4th quarter. Park Avenue Securities LLC now owns 162,065 shares of the investment management company’s stock worth $942,000 after acquiring an additional 9,666 shares during the period. Rivernorth Capital Management LLC raised its stake in BNY Mellon Strategic Municipal Bond Fund by 13.7% in the third quarter. Rivernorth Capital Management LLC now owns 1,666,877 shares of the investment management company’s stock valued at $10,385,000 after purchasing an additional 201,105 shares in the last quarter. MidWestOne Financial Group Inc. acquired a new position in BNY Mellon Strategic Municipal Bond Fund in the third quarter valued at about $76,000. Whitebox Advisors LLC lifted its position in BNY Mellon Strategic Municipal Bond Fund by 15.9% during the third quarter. Whitebox Advisors LLC now owns 192,127 shares of the investment management company’s stock worth $1,197,000 after purchasing an additional 26,319 shares during the period. Finally, Stifel Financial Corp increased its holdings in BNY Mellon Strategic Municipal Bond Fund by 4.4% in the 3rd quarter. Stifel Financial Corp now owns 61,442 shares of the investment management company’s stock valued at $383,000 after buying an additional 2,603 shares during the period.

BNY Mellon Strategic Municipal Bond Fund Stock Up 0.3 %

Shares of BNY Mellon Strategic Municipal Bond Fund stock opened at $5.88 on Wednesday. The company has a 50 day moving average of $5.93 and a 200-day moving average of $6.04. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 1-year low of $5.54 and a 1-year high of $6.38.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.018 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.22 annualized dividend and a dividend yield of 3.68%.

BNY Mellon Strategic Municipal Bond Fund 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.