Capital Investment Advisors LLC Increases Stake in Dreyfus Strategic Municipal Bond Fund, Inc. (DSM)

Capital Investment Advisors LLC lifted its holdings in shares of Dreyfus Strategic Municipal Bond Fund, Inc. (NYSE:DSM) by 28.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 178,755 shares of the investment management company’s stock after purchasing an additional 39,882 shares during the quarter. Capital Investment Advisors LLC owned about 0.36% of Dreyfus Strategic Municipal Bond Fund worth $1,382,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Park Avenue Securities LLC acquired a new stake in shares of Dreyfus Strategic Municipal Bond Fund during the fourth quarter worth about $246,000. Sit Investment Associates Inc. raised its holdings in Dreyfus Strategic Municipal Bond Fund by 697.7% in the fourth quarter. Sit Investment Associates Inc. now owns 294,916 shares of the investment management company’s stock valued at $2,059,000 after acquiring an additional 257,946 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in Dreyfus Strategic Municipal Bond Fund by 4.2% in the fourth quarter. Arete Wealth Advisors LLC now owns 475,675 shares of the investment management company’s stock valued at $3,320,000 after acquiring an additional 19,098 shares in the last quarter. Delphi Financial Group Inc. acquired a new stake in Dreyfus Strategic Municipal Bond Fund in the fourth quarter valued at approximately $1,150,000. Finally, Rehmann Capital Advisory Group raised its holdings in Dreyfus Strategic Municipal Bond Fund by 634.0% in the third quarter. Rehmann Capital Advisory Group now owns 33,044 shares of the investment management company’s stock valued at $4,502,000 after acquiring an additional 28,542 shares in the last quarter. 12.66% of the stock is currently owned by institutional investors and hedge funds.

NYSE:DSM traded down $0.03 during mid-day trading on Friday, hitting $7.86. The stock had a trading volume of 83,504 shares, compared to its average volume of 123,741. Dreyfus Strategic Municipal Bond Fund, Inc. has a twelve month low of $6.79 and a twelve month high of $7.97.

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, May 14th will be issued a $0.035 dividend. The ex-dividend date is Monday, May 13th. This represents a $0.42 annualized dividend and a yield of 5.34%.

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Dreyfus Strategic Municipal Bond Fund Company Profile

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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