BNY Mellon Strategic Municipals, Inc. (NYSE:LEO - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.35 and traded as low as $6.17. BNY Mellon Strategic Municipals shares last traded at $6.1850, with a volume of 124,761 shares traded.
BNY Mellon Strategic Municipals Stock Performance
The company has a 50-day moving average of $6.31 and a 200-day moving average of $6.35.
BNY Mellon Strategic Municipals (NYSE:LEO - Get Free Report) last issued its quarterly earnings results on Friday, May 29th. The investment management company reported $0.08 earnings per share for the quarter. The business had revenue of $7.57 million for the quarter.
BNY Mellon Strategic Municipals Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, August 13th will be issued a $0.03 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 5.8%.
Hedge Funds Weigh In On BNY Mellon Strategic Municipals
Several institutional investors and hedge funds have recently made changes to their positions in LEO. Readystate Asset Management LP acquired a new position in BNY Mellon Strategic Municipals in the second quarter worth $460,000. Rivernorth Capital Management LLC lifted its position in shares of BNY Mellon Strategic Municipals by 1.1% in the 2nd quarter. Rivernorth Capital Management LLC now owns 2,006,388 shares of the investment management company's stock worth $12,961,000 after buying an additional 21,196 shares during the last quarter. Centaurus Financial Inc. acquired a new position in shares of BNY Mellon Strategic Municipals in the 2nd quarter valued at about $591,000. Capstone Investment Advisors LLC bought a new stake in shares of BNY Mellon Strategic Municipals during the 2nd quarter valued at about $1,153,000. Finally, Almitas Capital LLC acquired a new stake in BNY Mellon Strategic Municipals during the second quarter worth about $530,000.
About BNY Mellon Strategic Municipals
(
Get Free Report)
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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