Nations Financial Group Inc. IA ADV Has $196,000 Holdings in BNY Mellon Strategic Municipals, Inc. $LEO

Key Points

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Nations Financial Group Inc. IA ADV lowered its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Free Report) by 57.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,100 shares of the investment management company's stock after selling 43,000 shares during the quarter. Nations Financial Group Inc. IA ADV owned about 0.05% of BNY Mellon Strategic Municipals worth $196,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new position in BNY Mellon Strategic Municipals in the first quarter valued at approximately $38,000. Walleye Capital LLC bought a new position in BNY Mellon Strategic Municipals in the fourth quarter valued at approximately $71,000. Confluence Wealth Services Inc. bought a new position in BNY Mellon Strategic Municipals in the first quarter valued at approximately $72,000. Capital Market Strategies LLC lifted its stake in BNY Mellon Strategic Municipals by 18.0% in the first quarter. Capital Market Strategies LLC now owns 13,121 shares of the investment management company's stock valued at $80,000 after buying an additional 2,000 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in BNY Mellon Strategic Municipals in the first quarter valued at approximately $160,000.

BNY Mellon Strategic Municipals Stock Performance

LEO traded up $0.0650 during trading on Friday, reaching $5.8850. The company had a trading volume of 104,305 shares, compared to its average volume of 137,332. BNY Mellon Strategic Municipals, Inc. has a 12 month low of $5.55 and a 12 month high of $6.64. The business's fifty day moving average price is $5.85 and its 200 day moving average price is $5.95.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Wednesday, August 13th will be paid a $0.023 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a c) dividend on an annualized basis and a yield of 4.7%.

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.