Mid Atlantic Financial Management Inc. ADV lessened its holdings in Dreyfus Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 22.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,400 shares of the investment management company’s stock after selling 5,900 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in Dreyfus Strategic Municipal Bond Fund were worth $148,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Robinson Capital Management LLC increased its stake in Dreyfus Strategic Municipal Bond Fund by 23.2% in the 2nd quarter. Robinson Capital Management LLC now owns 912,872 shares of the investment management company’s stock valued at $6,618,000 after buying an additional 171,687 shares during the last quarter. UBS Group AG increased its stake in Dreyfus Strategic Municipal Bond Fund by 18.6% in the 2nd quarter. UBS Group AG now owns 422,869 shares of the investment management company’s stock valued at $3,062,000 after buying an additional 66,181 shares during the last quarter. Morgan Stanley increased its stake in Dreyfus Strategic Municipal Bond Fund by 3.3% in the 1st quarter. Morgan Stanley now owns 332,109 shares of the investment management company’s stock valued at $2,382,000 after buying an additional 10,604 shares during the last quarter. Wolverine Asset Management LLC increased its stake in Dreyfus Strategic Municipal Bond Fund by 139.6% in the 1st quarter. Wolverine Asset Management LLC now owns 228,708 shares of the investment management company’s stock valued at $1,639,000 after buying an additional 133,255 shares during the last quarter. Finally, Raymond James & Associates increased its stake in Dreyfus Strategic Municipal Bond Fund by 16.5% in the 1st quarter. Raymond James & Associates now owns 209,192 shares of the investment management company’s stock valued at $1,500,000 after buying an additional 29,653 shares during the last quarter. Hedge funds and other institutional investors own 7.12% of the company’s stock.
NYSE:DSM opened at $7.67 on Thursday. Dreyfus Strategic Municipal Bond Fund, Inc. has a 52 week low of $5.15 and a 52 week high of $8.74. The firm has a 50-day moving average price of $7.54 and a two-hundred day moving average price of $7.37.
About Dreyfus Strategic Municipal Bond Fund
Dreyfus Strategic Municipal Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by The Dreyfus Corporation. 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. The fund seeks to maintain a weighted average maturity of greater than 10 years.
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