BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Get Free Report) shares crossed 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 traded.
BNY Mellon Strategic Municipals Price Performance
The firm's 50-day moving average price is $5.84 and its two-hundred day moving average price is $5.98.
BNY Mellon Strategic Municipals Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, July 14th will be issued a dividend of $0.023 per share. The ex-dividend date of this dividend is Monday, July 14th. This represents a $0.28 dividend on an annualized basis and a yield of 4.77%.
Institutional Trading of BNY Mellon Strategic Municipals
Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new stake in BNY Mellon Strategic Municipals during the first quarter valued at about $38,000. Walleye Capital LLC bought a new stake in BNY Mellon Strategic Municipals during the fourth quarter valued at about $71,000. Confluence Wealth Services Inc. bought a new stake in BNY Mellon Strategic Municipals during the first quarter valued at about $72,000. Capital Market Strategies LLC boosted its position in 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 valued at $80,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in BNY Mellon Strategic Municipals during the fourth quarter valued at about $112,000.
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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