BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Get Free Report) passed 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 Stock Performance
The business's 50 day moving average price is $5.85 and its 200 day moving average price is $5.96.
BNY Mellon Strategic Municipals Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Wednesday, August 13th will be paid a dividend of $0.023 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.
Institutional Investors Weigh In On BNY Mellon Strategic Municipals
A number of hedge funds and other institutional investors have recently made changes to their positions in LEO. Corient Private Wealth LLC grew its stake in BNY Mellon Strategic Municipals by 5.8% in the 2nd quarter. Corient Private Wealth LLC now owns 118,305 shares of the investment management company's stock valued at $700,000 after acquiring an additional 6,499 shares during the period. Curi Capital LLC acquired a new stake in BNY Mellon Strategic Municipals in the 2nd quarter valued at $740,000. Bank of America Corp DE grew its stake in BNY Mellon Strategic Municipals by 4.5% in the 2nd quarter. Bank of America Corp DE now owns 204,596 shares of the investment management company's stock valued at $1,211,000 after acquiring an additional 8,810 shares during the period. Whitebox Advisors LLC grew its stake in BNY Mellon Strategic Municipals by 14.3% in the 2nd quarter. Whitebox Advisors LLC now owns 305,421 shares of the investment management company's stock valued at $1,808,000 after acquiring an additional 38,121 shares during the period. Finally, Daner Wealth Management LLC acquired a new stake in BNY Mellon Strategic Municipals in the 2nd quarter valued at $307,000.
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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