AQR Arbitrage LLC cut its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Free Report) by 42.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,664 shares of the investment management company's stock after selling 146,992 shares during the quarter. AQR Arbitrage LLC owned approximately 0.32% of BNY Mellon Strategic Municipals worth $1,234,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of LEO. Farther Finance Advisors LLC purchased a new position in BNY Mellon Strategic Municipals in the 1st quarter valued at about $38,000. Confluence Wealth Services Inc. purchased a new position in BNY Mellon Strategic Municipals in the 1st quarter worth approximately $72,000. Capital Market Strategies LLC lifted its stake in 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 purchasing an additional 2,000 shares in the last quarter. Landscape Capital Management L.L.C. lifted its stake in BNY Mellon Strategic Municipals by 15.7% in the 1st quarter. Landscape Capital Management L.L.C. now owns 24,174 shares of the investment management company's stock worth $148,000 after purchasing an additional 3,275 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in BNY Mellon Strategic Municipals in the 1st quarter worth approximately $160,000.
BNY Mellon Strategic Municipals Trading Up 1.6%
LEO traded up $0.10 during trading on Friday, reaching $6.04. The company's stock had a trading volume of 256,205 shares, compared to its average volume of 137,403. The firm has a fifty day simple moving average of $5.88 and a two-hundred day simple moving average of $5.93. 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 Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be issued a dividend of $0.023 per share. The ex-dividend date is Friday, September 12th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.
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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