65,150 Shares in Dreyfus Strategic Municipal Bond Fund, Inc. (DSM) Acquired by LPL Financial LLC

LPL Financial LLC bought a new position in shares of Dreyfus Strategic Municipal Bond Fund, Inc. (NYSE:DSM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 65,150 shares of the investment management company’s stock, valued at approximately $557,000. LPL Financial LLC owned 0.13% of Dreyfus Strategic Municipal Bond Fund at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Wedbush Securities Inc. bought a new position in shares of Dreyfus Strategic Municipal Bond Fund during the 4th quarter worth approximately $103,000. Steward Partners Investment Advisory LLC lifted its position in shares of Dreyfus Strategic Municipal Bond Fund by 12,445.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,431 shares of the investment management company’s stock worth $131,000 after buying an additional 15,308 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Dreyfus Strategic Municipal Bond Fund by 14.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 194,185 shares of the investment management company’s stock worth $1,645,000 after buying an additional 24,189 shares during the period. SeaCrest Wealth Management LLC bought a new position in shares of Dreyfus Strategic Municipal Bond Fund during the 4th quarter worth approximately $244,000. Finally, Essex Financial Services Inc. bought a new position in shares of Dreyfus Strategic Municipal Bond Fund during the 4th quarter worth approximately $265,000. Institutional investors and hedge funds own 7.20% of the company’s stock.

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Dreyfus Strategic Municipal Bond Fund stock opened at $7.53 on Tuesday. Dreyfus Strategic Municipal Bond Fund, Inc. has a one year low of $7.43 and a one year high of $8.85.

The business also recently announced a monthly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be given a dividend of $0.035 per share. The ex-dividend date is Thursday, April 12th. This represents a $0.42 annualized dividend and a dividend yield of 5.58%.

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Dreyfus Strategic Municipal Bond Fund 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.

Institutional Ownership by Quarter for Dreyfus Strategic Municipal Bond Fund (NYSE:DSM)

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