Almitas Capital LLC increased its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Free Report) by 86.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 106,854 shares of the investment management company's stock after buying an additional 49,480 shares during the period. Almitas Capital LLC's holdings in BNY Mellon Strategic Municipals were worth $645,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of BNY Mellon Strategic Municipals in the 4th quarter valued at about $920,000. Cohen & Steers Inc. lifted its position in shares of BNY Mellon Strategic Municipals by 60.6% in the 4th quarter. Cohen & Steers Inc. now owns 263,400 shares of the investment management company's stock worth $1,591,000 after acquiring an additional 99,400 shares during the period. Noble Wealth Management PBC bought a new position in shares of BNY Mellon Strategic Municipals during the 4th quarter worth approximately $599,000. Ackerman Capital Advisors LLC increased its holdings in shares of BNY Mellon Strategic Municipals by 28.2% during the fourth quarter. Ackerman Capital Advisors LLC now owns 317,221 shares of the investment management company's stock worth $1,916,000 after buying an additional 69,719 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in BNY Mellon Strategic Municipals by 4.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,465,414 shares of the investment management company's stock valued at $8,851,000 after acquiring an additional 64,526 shares in the last quarter.
BNY Mellon Strategic Municipals Stock Up 0.9 %
BNY Mellon Strategic Municipals stock traded up $0.05 during midday trading on Tuesday, hitting $5.89. 187,668 shares of the stock were exchanged, compared to its average volume of 178,396. The company has a fifty day simple moving average of $6.01 and a two-hundred day simple moving average of $6.14. BNY Mellon Strategic Municipals, Inc. has a 52 week low of $5.55 and a 52 week high of $6.64.
BNY Mellon Strategic Municipals Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 14th will be paid a $0.019 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.23 annualized dividend and a dividend yield of 3.87%.
BNY Mellon Strategic Municipals Profile
(
Free Report)
BNY Mellon Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax.
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