Nomura Holdings Inc. acquired a new stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 60,000 shares of the investment management company's stock, valued at approximately $362,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in BNY Mellon Strategic Municipals during the fourth quarter worth about $112,000. Raymond James Financial Inc. acquired a new position in shares of BNY Mellon Strategic Municipals during the fourth quarter worth $920,000. PNC Financial Services Group Inc. boosted its holdings in 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 valued at $72,000 after purchasing an additional 11,003 shares in the last quarter. Independent Advisor Alliance acquired a new position in BNY Mellon Strategic Municipals in the fourth quarter valued at approximately $127,000. Finally, Van ECK Associates Corp boosted its holdings in BNY Mellon Strategic Municipals by 6.0% in the fourth quarter. Van ECK Associates Corp now owns 532,276 shares of the investment management company's stock valued at $3,215,000 after purchasing an additional 30,072 shares in the last quarter.
BNY Mellon Strategic Municipals Price Performance
Shares of LEO stock traded up $0.05 during trading hours on Tuesday, hitting $5.87. The stock had a trading volume of 93,359 shares, compared to its average volume of 177,998. BNY Mellon Strategic Municipals, Inc. has a twelve month low of $5.55 and a twelve month high of $6.64. The stock's 50 day moving average is $5.92 and its 200 day moving average is $6.10.
BNY Mellon Strategic Municipals Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be issued a $0.023 dividend. This is an increase from BNY Mellon Strategic Municipals's previous monthly dividend of $0.02. This represents a $0.28 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Thursday, June 12th.
BNY Mellon Strategic Municipals Company Profile
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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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