BNY Mellon Strategic Municipals, Inc. $LEO Shares Sold by Hennion & Walsh Asset Management Inc.

Key Points

• Hennion & Walsh Asset Management cut its stake in BNY Mellon Strategic Municipals (NYSE:LEO) by 49.3% in Q4, selling 383,060 shares and leaving 393,680 shares (about 0.62% ownership) valued at roughly $2.504 million per its SEC filing.
• BNY Mellon Strategic Municipals declared a monthly dividend of $0.026 per share payable April 30 to holders of record on April 14, representing an annualized yield of approximately 5.0%.
• Shares opened at $6.28 and trade near their recent averages, with a 50-day moving average of $6.38, a 200-day average of $6.32, and a 52-week range of $5.55–$6.55.

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Free Report) by 49.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 393,680 shares of the investment management company's stock after selling 383,060 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.62% of BNY Mellon Strategic Municipals worth $2,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC grew its stake in BNY Mellon Strategic Municipals by 72.7% during the 3rd quarter. CWM LLC now owns 6,305 shares of the investment management company's stock worth $39,000 after buying an additional 2,654 shares during the last quarter. Fort Point Capital Partners LLC bought a new stake in BNY Mellon Strategic Municipals in the third quarter valued at $68,000. Nomura Holdings Inc. acquired a new position in shares of BNY Mellon Strategic Municipals during the second quarter valued at $118,000. Gridiron Partners LLC boosted its holdings in shares of BNY Mellon Strategic Municipals by 394.1% during the third quarter. Gridiron Partners LLC now owns 1,994,982 shares of the investment management company's stock valued at $125,000 after acquiring an additional 1,591,208 shares during the period. Finally, Lee Financial Co bought a new position in shares of BNY Mellon Strategic Municipals during the third quarter worth about $240,000.

BNY Mellon Strategic Municipals Stock Performance

NYSE LEO opened at $6.28 on Wednesday. The company has a 50-day moving average price of $6.38 and a two-hundred day moving average price of $6.32. BNY Mellon Strategic Municipals, Inc. has a 52 week low of $5.55 and a 52 week high of $6.55.

BNY Mellon Strategic Municipals Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 14th will be issued a dividend of $0.026 per share. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a c) annualized dividend and a yield of 5.0%.

BNY Mellon Strategic Municipals Company Profile

BNY Mellon Strategic Municipals NYSE: LEO is a closed-end management investment company that seeks to deliver a high level of current income exempt from U.S. federal income tax. The fund primarily allocates its assets to investment-grade municipal securities, including bonds and other debt instruments issued by U.S. states, territories, municipalities and their authorities.

Beyond traditional investment-grade munis, the fund may also invest in below-investment-grade securities, variable‐rate demand obligations, municipal derivatives and other income-producing instruments.

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