BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.01 and traded as low as $5.90. BNY Mellon Strategic Municipals shares last traded at $5.90, with a volume of 110,614 shares.
BNY Mellon Strategic Municipals Stock Performance
The company's 50-day moving average is $5.86 and its two-hundred day moving average is $6.00.
BNY Mellon Strategic Municipals Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, July 14th will be issued a $0.023 dividend. The ex-dividend date of this dividend is Monday, July 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.69%.
Institutional Investors Weigh In On BNY Mellon Strategic Municipals
Several hedge funds have recently added to or reduced their stakes in the business. Saba Capital Management L.P. boosted its position in BNY Mellon Strategic Municipals by 11.2% during the 4th quarter. Saba Capital Management L.P. now owns 4,932,793 shares of the investment management company's stock worth $29,794,000 after buying an additional 496,846 shares during the period. Pathstone Holdings LLC boosted its position in BNY Mellon Strategic Municipals by 34.8% during the 4th quarter. Pathstone Holdings LLC now owns 1,488,106 shares of the investment management company's stock worth $8,993,000 after buying an additional 384,579 shares during the period. Wells Fargo & Company MN boosted its position in BNY Mellon Strategic Municipals by 4.6% during 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 period. Logan Stone Capital LLC boosted its position in BNY Mellon Strategic Municipals by 0.6% during the 4th quarter. Logan Stone Capital LLC now owns 1,244,554 shares of the investment management company's stock worth $7,517,000 after buying an additional 7,130 shares during the period. Finally, Guggenheim Capital LLC boosted its position in BNY Mellon Strategic Municipals by 3.4% during the 4th quarter. Guggenheim Capital LLC now owns 821,060 shares of the investment management company's stock worth $4,959,000 after buying an additional 27,217 shares during the period.
About BNY Mellon Strategic Municipals
(
Get 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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