AQR Arbitrage LLC lowered its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Free Report) by 25.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 348,656 shares of the investment management company's stock after selling 121,052 shares during the quarter. AQR Arbitrage LLC's holdings in BNY Mellon Strategic Municipals were worth $2,106,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of BNY Mellon Strategic Municipals in the 4th quarter worth about $920,000. Cohen & Steers Inc. lifted its holdings in BNY Mellon Strategic Municipals by 60.6% during the 4th quarter. Cohen & Steers Inc. now owns 263,400 shares of the investment management company's stock worth $1,591,000 after buying an additional 99,400 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in shares of BNY Mellon Strategic Municipals during the 4th quarter valued at approximately $599,000. Ackerman Capital Advisors LLC boosted its holdings in BNY Mellon Strategic Municipals by 28.2% in the fourth quarter. Ackerman Capital Advisors LLC now owns 317,221 shares of the investment management company's stock worth $1,916,000 after purchasing an additional 69,719 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of 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 worth $8,851,000 after buying an additional 64,526 shares during the last quarter.
BNY Mellon Strategic Municipals Price Performance
NYSE LEO traded up $0.02 during trading hours on Wednesday, hitting $5.91. The company had a trading volume of 23,874 shares, compared to its average volume of 189,168. BNY Mellon Strategic Municipals, Inc. has a fifty-two week low of $5.55 and a fifty-two week high of $6.64. The business has a fifty day simple moving average of $6.00 and a 200-day simple moving average of $6.14.
BNY Mellon Strategic Municipals Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 14th will be given a dividend of $0.019 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.23 dividend on an annualized basis and a yield of 3.86%.
BNY Mellon Strategic Municipals Company 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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