Raymond James Financial Services Advisors Inc. Purchases 1,473 Shares of Dreyfus Strateg (DSM)

Raymond James Financial Services Advisors Inc. lifted its position in shares of Dreyfus Strateg (NYSE:DSM) by 6.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,184 shares of the company’s stock after purchasing an additional 1,473 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Dreyfus Strateg were worth $214,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Dreyfus Strateg in the second quarter worth $102,000. Harbour Capital Advisors LLC increased its stake in shares of Dreyfus Strateg by 751.0% in the second quarter. Harbour Capital Advisors LLC now owns 34,040 shares of the company’s stock worth $4,000,000 after buying an additional 30,040 shares during the last quarter. National Planning Corp bought a new stake in shares of Dreyfus Strateg in the second quarter worth $215,000. SG Americas Securities LLC bought a new stake in shares of Dreyfus Strateg in the second quarter worth $212,000. Finally, ProVise Management Group LLC increased its stake in shares of Dreyfus Strateg by 7.2% in the second quarter. ProVise Management Group LLC now owns 116,273 shares of the company’s stock worth $989,000 after buying an additional 7,836 shares during the last quarter. 7.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dreyfus Strateg (NYSE DSM) opened at C$8.43 on Monday. Dreyfus Strateg has a 12 month low of C$7.88 and a 12 month high of C$8.85.

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.0415 per share. The ex-dividend date is Monday, November 13th. This represents a $0.50 annualized dividend and a yield of 5.91%.

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Dreyfus Strateg Company Profile

Dreyfus Strategic Municipal Bond Fund, Inc is a diversified closed-end management investment company. The Fund’s investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Under normal market conditions, the Fund invests at least 80% of its net assets in municipal bonds considered investment grade or the unrated equivalent.

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Institutional Ownership by Quarter for Dreyfus Strateg (NYSE:DSM)

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