Capstone Investment Advisors LLC Acquires Shares of 287,487 BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Capstone Investment Advisors LLC purchased a new position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 287,487 shares of the investment management company's stock, valued at approximately $1,736,000.

Several other hedge funds have also bought and sold shares of LEO. Walleye Capital LLC purchased a new stake in shares of BNY Mellon Strategic Municipals in the fourth quarter valued at $71,000. PNC Financial Services Group Inc. raised its holdings in shares of BNY Mellon Strategic Municipals by 1,100.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,003 shares of the investment management company's stock worth $72,000 after buying an additional 11,003 shares during the period. Avior Wealth Management LLC lifted its stake in shares of BNY Mellon Strategic Municipals by 16.2% during the 4th quarter. Avior Wealth Management LLC now owns 18,389 shares of the investment management company's stock worth $111,000 after acquiring an additional 2,559 shares during the last quarter. Virtu Financial LLC purchased a new position in BNY Mellon Strategic Municipals during the 4th quarter valued at $112,000. Finally, Landscape Capital Management L.L.C. bought a new position in BNY Mellon Strategic Municipals in the 4th quarter valued at $126,000.

BNY Mellon Strategic Municipals Price Performance

BNY Mellon Strategic Municipals stock remained flat at $5.95 during trading hours on Friday. 116,106 shares of the company's stock traded hands, compared to its average volume of 178,288. The business's 50-day simple moving average is $5.98 and its 200-day simple moving average is $6.13. BNY Mellon Strategic Municipals, Inc. has a 12 month low of $5.55 and a 12 month high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 14th will be paid a $0.019 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Wednesday, May 14th.

BNY Mellon Strategic Municipals Profile

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.