BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.00 and traded as low as $5.76. BNY Mellon Strategic Municipals shares last traded at $5.78, with a volume of 114,370 shares changing hands.
BNY Mellon Strategic Municipals Trading Down 0.1%
The firm's 50-day moving average price is $5.84 and its 200-day moving average price is $5.99.
BNY Mellon Strategic Municipals Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, July 14th will be paid 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 4.78%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Saba Capital Management L.P. boosted its stake in shares of BNY Mellon Strategic Municipals by 11.2% during the fourth quarter. Saba Capital Management L.P. now owns 4,932,793 shares of the investment management company's stock valued at $29,794,000 after purchasing an additional 496,846 shares during the period. Pathstone Holdings LLC boosted its stake in shares of BNY Mellon Strategic Municipals by 34.8% during the fourth quarter. Pathstone Holdings LLC now owns 1,488,106 shares of the investment management company's stock valued at $8,993,000 after purchasing an additional 384,579 shares during the period. Wells Fargo & Company MN boosted its stake in shares of BNY Mellon Strategic Municipals by 4.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,465,414 shares of the investment management company's stock valued at $8,851,000 after purchasing an additional 64,526 shares during the period. Logan Stone Capital LLC boosted its stake in shares of BNY Mellon Strategic Municipals by 0.6% during the fourth quarter. Logan Stone Capital LLC now owns 1,244,554 shares of the investment management company's stock valued at $7,517,000 after purchasing an additional 7,130 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in shares of BNY Mellon Strategic Municipals by 3.4% during the fourth quarter. Guggenheim Capital LLC now owns 821,060 shares of the investment management company's stock valued at $4,959,000 after purchasing an additional 27,217 shares during the period.
BNY Mellon Strategic Municipals Company Profile
(
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.
Further Reading
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