ProVise Management Group LLC Boosts Position in Dreyfus Strategic Municipal Bond Fund, Inc. (NYSE:DSM)

ProVise Management Group LLC raised its stake in shares of Dreyfus Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,603 shares of the investment management company’s stock after purchasing an additional 3,543 shares during the quarter. ProVise Management Group LLC owned 0.17% of Dreyfus Strategic Municipal Bond Fund worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWM LLC purchased a new position in shares of Dreyfus Strategic Municipal Bond Fund during the 4th quarter valued at approximately $46,000. Creative Planning raised its stake in Dreyfus Strategic Municipal Bond Fund by 15.2% in the 4th quarter. Creative Planning now owns 15,624 shares of the investment management company’s stock valued at $109,000 after purchasing an additional 2,060 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Dreyfus Strategic Municipal Bond Fund by 30.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 55,213 shares of the investment management company’s stock valued at $385,000 after purchasing an additional 12,978 shares during the last quarter. Shulman DeMeo Asset Management LLC acquired a new position in Dreyfus Strategic Municipal Bond Fund in the 4th quarter valued at $118,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Dreyfus Strategic Municipal Bond Fund by 30.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 30,212 shares of the investment management company’s stock valued at $211,000 after purchasing an additional 7,008 shares during the last quarter. 8.38% of the stock is currently owned by institutional investors.

NYSE DSM traded up $29,734,312.05 during mid-day trading on Friday, hitting $29,734,320.00. The stock had a trading volume of 127,733 shares, compared to its average volume of 112,447. The stock’s 50 day moving average is $7.96. Dreyfus Strategic Municipal Bond Fund, Inc. has a twelve month low of $6.79 and a twelve month high of $8.07.

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.00%. The ex-dividend date is Thursday, June 13th.

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

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