Nations Financial Group Inc. IA ADV reduced its holdings 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 filing with the SEC. The fund 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 approximately 0.05% of BNY Mellon Strategic Municipals worth $196,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of LEO. Farther Finance Advisors LLC bought a new position in shares of BNY Mellon Strategic Municipals in the 1st quarter worth about $38,000. Walleye Capital LLC bought a new position in shares of BNY Mellon Strategic Municipals in the 4th quarter worth about $71,000. Confluence Wealth Services Inc. bought a new position in shares of BNY Mellon Strategic Municipals in the 1st quarter worth about $72,000. Capital Market Strategies LLC lifted its position in shares of BNY Mellon Strategic Municipals by 18.0% in the 1st quarter. Capital Market Strategies LLC now owns 13,121 shares of the investment management company's stock worth $80,000 after buying an additional 2,000 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of BNY Mellon Strategic Municipals in the 1st quarter worth about $160,000.
BNY Mellon Strategic Municipals Stock Performance
BNY Mellon Strategic Municipals stock opened at $5.87 on Tuesday. The firm's 50-day moving average is $5.85 and its 200-day moving average is $5.95. BNY Mellon Strategic Municipals, Inc. has a 1 year low of $5.55 and a 1 year high of $6.64.
BNY Mellon Strategic Municipals Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 13th will be given a $0.023 dividend. The ex-dividend date is Wednesday, August 13th. This represents a c) annualized dividend and a yield of 4.7%.
About BNY Mellon Strategic Municipals
(
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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