Nuveen LLC Makes New $315,000 Investment in BNY Mellon Strategic Municipals, Inc. $LEO

Key Points

• Nuveen LLC has made a new investment of $315,000 in BNY Mellon Strategic Municipals, acquiring 51,503 shares of the company during the first quarter.
• Bank of America Corp DE increased its stake in the company by 13.4%, owning 256,083 shares valued at approximately $1,547,000 after additional purchases.
• BNY Mellon Strategic Municipals announced a monthly dividend of $0.023, with an annualized yield of 4.6%, payable on October 1st to shareholders of record on September 12th.

Nuveen LLC acquired a new stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 51,503 shares of the investment management company's stock, valued at approximately $315,000. Nuveen LLC owned 0.08% of BNY Mellon Strategic Municipals as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Merit Financial Group LLC purchased a new position in BNY Mellon Strategic Municipals in the first quarter worth $160,000. Envestnet Asset Management Inc. grew its position in BNY Mellon Strategic Municipals by 3.3% during the first quarter. Envestnet Asset Management Inc. now owns 193,616 shares of the investment management company's stock worth $1,185,000 after buying an additional 6,191 shares during the period. City of London Investment Management Co. Ltd. grew its position in shares of BNY Mellon Strategic Municipals by 45.3% in the first quarter. City of London Investment Management Co. Ltd. now owns 340,306 shares of the investment management company's stock valued at $2,083,000 after purchasing an additional 106,118 shares during the last quarter. Pathstone Holdings LLC lifted its stake in shares of BNY Mellon Strategic Municipals by 34.8% during the fourth quarter. Pathstone Holdings LLC now owns 1,488,106 shares of the investment management company's stock valued at $8,993,000 after buying an additional 384,579 shares during the period. Finally, Thoma Capital Management LLC purchased a new position in shares of BNY Mellon Strategic Municipals during the fourth quarter valued at approximately $980,000.

BNY Mellon Strategic Municipals Stock Performance

NYSE:LEO traded up $0.05 during trading hours on Wednesday, reaching $6.15. 76,010 shares of the company were exchanged, compared to its average volume of 173,910. BNY Mellon Strategic Municipals, Inc. has a 52-week low of $5.55 and a 52-week high of $6.64. The stock has a 50 day simple moving average of $5.89 and a 200 day simple moving average of $5.92.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be paid a $0.023 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, September 12th.

BNY Mellon Strategic Municipals Profile

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.