Almitas Capital LLC increased its position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Free Report) by 86.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,854 shares of the investment management company's stock after buying an additional 49,480 shares during the quarter. Almitas Capital LLC's holdings in BNY Mellon Strategic Municipals were worth $645,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Walleye Capital LLC acquired a new stake in BNY Mellon Strategic Municipals in the 4th quarter valued at about $71,000. PNC Financial Services Group Inc. lifted its stake in BNY Mellon Strategic Municipals by 1,100.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,003 shares of the investment management company's stock valued at $72,000 after buying an additional 11,003 shares in the last quarter. Avior Wealth Management LLC increased its holdings in BNY Mellon Strategic Municipals by 16.2% during the 4th quarter. Avior Wealth Management LLC now owns 18,389 shares of the investment management company's stock worth $111,000 after purchasing an additional 2,559 shares in the last quarter. Virtu Financial LLC acquired a new stake in BNY Mellon Strategic Municipals in the 4th quarter valued at approximately $112,000. Finally, Landscape Capital Management L.L.C. bought a new stake in BNY Mellon Strategic Municipals during the 4th quarter worth about $126,000.
BNY Mellon Strategic Municipals Trading Up 0.3 %
Shares of NYSE LEO traded up $0.02 during trading hours on Wednesday, hitting $5.91. The company had a trading volume of 41,238 shares, compared to its average volume of 178,274. BNY Mellon Strategic Municipals, Inc. has a 1-year low of $5.55 and a 1-year high of $6.64. The firm's 50 day moving average is $6.00 and its 200-day moving average is $6.14.
BNY Mellon Strategic Municipals Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.019 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.23 dividend on an annualized basis and a yield of 3.86%.
About BNY Mellon Strategic Municipals
(
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.
Further Reading
Before you consider BNY Mellon Strategic Municipals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BNY Mellon Strategic Municipals wasn't on the list.
While BNY Mellon Strategic Municipals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
