Edmonds Duncan Registered Investment Advisors buys $1,974,726 stake in Dreyfus Strategic Municipal Bond Fund (DSM)

Dreyfus Strategic Municipal Bond Fund (DSM) : Edmonds Duncan Registered Investment Advisors scooped up 3,825 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 Apr 19, 2016. The investment management firm now holds a total of 225,683 shares of Dreyfus Strategic Municipal Bond Fund which is valued at $1,974,726.Dreyfus Strategic Municipal Bond Fund makes up approximately 1.29% of Edmonds Duncan Registered Investment Advisors’s portfolio.

Dreyfus Strategic Municipal Bond Fund opened for trading at $8.7 and hit $8.76 on the upside on Friday, eventually ending the session at $8.75, with a gain of 0.81% or 0.07 points. The heightened volatility saw the trading volume jump to 1,03,019 shares. Company has a market cap of $420 M.

Other Hedge Funds, Including , Capital Investment Advisors reduced its stake in DSM by selling 2,035 shares or 3.89% in the most recent quarter. The Hedge Fund company now holds 50,320 shares of DSM which is valued at $434,262. Dreyfus Strategic Municipal Bond Fund makes up approx 0.04% of Capital Investment Advisors’s portfolio. Koshinski Asset Management sold out all of its stake in DSM during the most recent quarter. The investment firm sold 11,000 shares of DSM which is valued $94,930.Creative Planning boosted its stake in DSM in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 22,186 shares of Dreyfus Strategic Municipal Bond Fund which is valued at $190,578.

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.

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