Laurel Wealth Advisors Inc. increased its holdings in shares of DREYFUS STRATEG (NYSE:DSM) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,030 shares of the investment management company’s stock after buying an additional 2,580 shares during the period. Laurel Wealth Advisors Inc.’s holdings in DREYFUS STRATEG were worth $366,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Arete Wealth Advisors LLC boosted its position in DREYFUS STRATEG by 1.6% during the 2nd quarter. Arete Wealth Advisors LLC now owns 263,657 shares of the investment management company’s stock worth $2,244,000 after buying an additional 4,214 shares during the period. Ameriprise Financial Inc. boosted its position in DREYFUS STRATEG by 48.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 169,996 shares of the investment management company’s stock worth $1,397,000 after buying an additional 55,260 shares during the period. ProVise Management Group LLC boosted its position in DREYFUS STRATEG by 7.2% during the 2nd quarter. ProVise Management Group LLC now owns 116,273 shares of the investment management company’s stock worth $989,000 after buying an additional 7,836 shares during the period. Van ECK Associates Corp boosted its position in DREYFUS STRATEG by 15.8% during the 2nd quarter. Van ECK Associates Corp now owns 94,053 shares of the investment management company’s stock worth $800,000 after buying an additional 12,832 shares during the period. Finally, Bronfman E.L. Rothschild L.P. acquired a new stake in DREYFUS STRATEG during the 2nd quarter worth approximately $514,000. Institutional investors and hedge funds own 7.98% of the company’s stock.
DREYFUS STRATEG (NYSE DSM) remained flat at $8.53 during midday trading on Wednesday. The company had a trading volume of 15,202 shares. The firm’s market capitalization is $410.12 million. DREYFUS STRATEG has a one year low of $7.88 and a one year high of $8.85. The company’s 50 day moving average price is $8.58 and its 200 day moving average price is $8.53.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be given a dividend of $0.0415 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date is Thursday, October 12th.
About DREYFUS STRATEG
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.
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