Altium Capital Management LLC Has $2.76 Million Position in BNY Mellon Strategic Municipals, Inc. $LEO

Altium Capital Management LLC grew its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 67.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 438,676 shares of the investment management company’s stock after buying an additional 176,624 shares during the period. BNY Mellon Strategic Municipals makes up 6.6% of Altium Capital Management LLC’s portfolio, making the stock its 6th largest holding. Altium Capital Management LLC’s holdings in BNY Mellon Strategic Municipals were worth $2,759,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Saba Capital Management L.P. raised its position in shares of BNY Mellon Strategic Municipals by 6.6% during the 4th quarter. Saba Capital Management L.P. now owns 6,076,820 shares of the investment management company’s stock valued at $38,649,000 after buying an additional 378,001 shares in the last quarter. Pathstone Holdings LLC grew its position in BNY Mellon Strategic Municipals by 23.2% in the third quarter. Pathstone Holdings LLC now owns 3,839,659 shares of the investment management company’s stock worth $23,998,000 after acquiring an additional 723,676 shares in the last quarter. Rivernorth Capital Management LLC increased its stake in BNY Mellon Strategic Municipals by 5.8% during the fourth quarter. Rivernorth Capital Management LLC now owns 2,195,115 shares of the investment management company’s stock worth $13,961,000 after acquiring an additional 119,962 shares during the last quarter. Guggenheim Capital LLC increased its stake in BNY Mellon Strategic Municipals by 60.3% during the fourth quarter. Guggenheim Capital LLC now owns 1,545,694 shares of the investment management company’s stock worth $9,831,000 after acquiring an additional 581,458 shares during the last quarter. Finally, Bulldog Investors LLP raised its position in BNY Mellon Strategic Municipals by 104.2% during the fourth quarter. Bulldog Investors LLP now owns 1,480,512 shares of the investment management company’s stock valued at $9,416,000 after purchasing an additional 755,380 shares during the period.

BNY Mellon Strategic Municipals Price Performance

Shares of NYSE:LEO traded down $0.03 during trading on Friday, hitting $6.38. The company had a trading volume of 189,597 shares, compared to its average volume of 233,151. The company has a fifty day simple moving average of $6.39 and a two-hundred day simple moving average of $6.37. BNY Mellon Strategic Municipals, Inc. has a one year low of $5.71 and a one year high of $6.55.

BNY Mellon Strategic Municipals (NYSE:LEO) last released its earnings results on Friday, May 29th. The investment management company reported $0.08 earnings per share for the quarter. The company had revenue of $7.57 million for the quarter.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 5.6%.

BNY Mellon Strategic Municipals Company Profile

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.