Thoma Capital Management LLC bought a new position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 162,317 shares of the investment management company's stock, valued at approximately $980,000. BNY Mellon Strategic Municipals comprises approximately 0.7% of Thoma Capital Management LLC's portfolio, making the stock its 20th biggest holding.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Virtu Financial LLC purchased a new position in shares of BNY Mellon Strategic Municipals during the fourth quarter worth about $112,000. Raymond James Financial Inc. purchased a new stake in shares of BNY Mellon Strategic Municipals during the 4th quarter valued at $920,000. Pathstone Holdings LLC raised its position in shares of BNY Mellon Strategic Municipals by 34.8% during the 4th 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 in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of 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 during the last quarter. Finally, Nomura Holdings Inc. purchased a new position in BNY Mellon Strategic Municipals in the fourth quarter worth $362,000.
BNY Mellon Strategic Municipals Price Performance
Shares of BNY Mellon Strategic Municipals stock traded down $0.01 during trading on Friday, hitting $5.83. 137,041 shares of the stock traded hands, compared to its average volume of 178,674. BNY Mellon Strategic Municipals, Inc. has a 52 week low of $5.55 and a 52 week high of $6.64. The firm's fifty day moving average is $5.89 and its 200-day moving average is $6.09.
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 paid a dividend of $0.023 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.74%. This is an increase from BNY Mellon Strategic Municipals's previous monthly dividend of $0.02. The ex-dividend date of this dividend is Thursday, June 12th.
BNY Mellon Strategic Municipals Profile
(
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.
Read More
Before you consider BNY Mellon Strategic Municipals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BNY Mellon Strategic Municipals wasn't on the list.
While BNY Mellon Strategic Municipals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
