Nomura Holdings Inc. purchased a new position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 60,000 shares of the investment management company's stock, valued at approximately $362,000.
Several other hedge funds have also recently made changes to their positions in the stock. Avior Wealth Management LLC grew its stake in shares of BNY Mellon Strategic Municipals by 16.2% during the 4th quarter. Avior Wealth Management LLC now owns 18,389 shares of the investment management company's stock valued at $111,000 after purchasing an additional 2,559 shares during the period. Wedbush Securities Inc. boosted its stake in shares of BNY Mellon Strategic Municipals by 15.5% during the 4th quarter. Wedbush Securities Inc. now owns 22,389 shares of the investment management company's stock worth $135,000 after purchasing an additional 3,000 shares during the period. Envestnet Asset Management Inc. grew its position in BNY Mellon Strategic Municipals by 3.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 187,425 shares of the investment management company's stock valued at $1,132,000 after acquiring an additional 7,085 shares during the last quarter. Logan Stone Capital LLC raised its stake in shares of BNY Mellon Strategic Municipals by 0.6% during the fourth quarter. Logan Stone Capital LLC now owns 1,244,554 shares of the investment management company's stock valued at $7,517,000 after acquiring an additional 7,130 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in BNY Mellon Strategic Municipals by 1,100.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,003 shares of the investment management company's stock worth $72,000 after acquiring an additional 11,003 shares in the last quarter.
BNY Mellon Strategic Municipals Trading Down 1.0%
Shares of LEO traded down $0.06 during trading hours on Wednesday, hitting $5.83. The company had a trading volume of 64,918 shares, compared to its average volume of 182,324. The company's fifty day moving average price is $5.91 and its two-hundred day moving average price is $6.10. BNY Mellon Strategic Municipals, Inc. has a one year low of $5.55 and a one year high of $6.64.
BNY Mellon Strategic Municipals Increases Dividend
The business 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 dividend of $0.023 per share. The ex-dividend date is Thursday, June 12th. This is a positive change from BNY Mellon Strategic Municipals's previous monthly dividend of $0.02. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.73%.
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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