BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.96 and traded as low as $5.90. BNY Mellon Strategic Municipals shares last traded at $5.94, with a volume of 184,795 shares traded.
BNY Mellon Strategic Municipals Price Performance
The company's 50 day simple moving average is $5.85 and its 200 day simple moving average is $5.96.
BNY Mellon Strategic Municipals Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 13th will be paid a dividend of $0.023 per share. The ex-dividend date is Wednesday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.
Hedge Funds Weigh In On BNY Mellon Strategic Municipals
Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new position in shares of BNY Mellon Strategic Municipals during the first quarter worth $38,000. Walleye Capital LLC acquired a new stake in shares of BNY Mellon Strategic Municipals during the fourth quarter worth about $71,000. Confluence Wealth Services Inc. acquired a new stake in shares of BNY Mellon Strategic Municipals during the first quarter worth about $72,000. Capital Market Strategies LLC boosted its stake in shares of BNY Mellon Strategic Municipals by 18.0% during the first quarter. Capital Market Strategies LLC now owns 13,121 shares of the investment management company's stock worth $80,000 after buying an additional 2,000 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of BNY Mellon Strategic Municipals during the second quarter worth about $86,000.
About BNY Mellon Strategic Municipals
(
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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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