Advisors Asset Management Inc. Buys 170,288 Shares of BNY Mellon Strategic Municipals, Inc. $LEO

Advisors Asset Management Inc. lifted its position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 50.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 508,074 shares of the investment management company’s stock after purchasing an additional 170,288 shares during the quarter. Advisors Asset Management Inc.’s holdings in BNY Mellon Strategic Municipals were worth $3,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. acquired a new position in BNY Mellon Strategic Municipals during the second quarter worth $86,000. Landscape Capital Management L.L.C. increased its stake in shares of BNY Mellon Strategic Municipals by 15.7% in the 1st quarter. Landscape Capital Management L.L.C. now owns 24,174 shares of the investment management company’s stock valued at $148,000 after buying an additional 3,275 shares during the period. Virtu Financial LLC lifted its position in BNY Mellon Strategic Municipals by 90.0% during the 1st quarter. Virtu Financial LLC now owns 35,267 shares of the investment management company’s stock valued at $216,000 after purchasing an additional 16,704 shares during the period. Integrated Capital Management Inc. raised its position in shares of BNY Mellon Strategic Municipals by 18.1% during the 2nd quarter. Integrated Capital Management Inc. now owns 43,305 shares of the investment management company’s stock valued at $256,000 after acquiring an additional 6,630 shares during the last quarter. Finally, Cornerstone Advisory LLC grew its position in shares of BNY Mellon Strategic Municipals by 22.1% during the 2nd quarter. Cornerstone Advisory LLC now owns 48,409 shares of the investment management company’s stock worth $287,000 after buying an additional 8,776 shares during the period.

BNY Mellon Strategic Municipals Price Performance

Shares of NYSE LEO opened at $6.22 on Friday. BNY Mellon Strategic Municipals, Inc. has a twelve month low of $5.55 and a twelve month high of $6.48. The company’s fifty day moving average is $6.26 and its 200-day moving average is $6.02.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th will be issued a dividend of $0.023 per share. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Thursday, December 11th.

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.