Arete Wealth Advisors buys $1,929,739 stake in Dreyfus Strategic Municipal Bond Fund (DSM)

Dreyfus Strategic Municipal Bond Fund (DSM) : Arete Wealth Advisors scooped up 16,330 additional shares in Dreyfus Strategic Municipal Bond Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 214,893 shares of Dreyfus Strategic Municipal Bond Fund which is valued at $1,929,739.Dreyfus Strategic Municipal Bond Fund makes up approximately 1.14% of Arete Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Magnetar Financial added DSM to its portfolio by purchasing 10,375 company shares during the most recent quarter which is valued at $93,168.Raymond James Financial Services Advisors boosted its stake in DSM in the latest quarter, The investment management firm added 53 additional shares and now holds a total of 23,380 shares of Dreyfus Strategic Municipal Bond Fund which is valued at $209,952.Cambridge Investment Research Advisors boosted its stake in DSM in the latest quarter, The investment management firm added 6,718 additional shares and now holds a total of 19,241 shares of Dreyfus Strategic Municipal Bond Fund which is valued at $174,516.Sit Investment Associates Inc boosted its stake in DSM in the latest quarter, The investment management firm added 9,147 additional shares and now holds a total of 476,979 shares of Dreyfus Strategic Municipal Bond Fund which is valued at $4,345,279. Dreyfus Strategic Municipal Bond Fund makes up approx 0.11% of Sit Investment Associates Inc’s portfolio.

Dreyfus Strategic Municipal Bond Fund opened for trading at $8.96 and hit $9.01 on the upside on Thursday, eventually ending the session at $8.97, with a gain of 0.22% or 0.02 points. The heightened volatility saw the trading volume jump to 73,104 shares. Company has a market cap of $431 M.

Dreyfus Strategic Municipal Bond Fund Inc. (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The Fund invests at least 80% of its assets in municipal bonds. The Fund also issues auction rate preferred stock (ARPS) and invests the proceeds in a manner consistent with its investment objective. The Dreyfus Corporation a wholly owned subsidiary of The Bank of New York Mellon Corporation (BNY Mellon) serves as the fund’s investment adviser.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *