US Bancorp DE Buys 5,810 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

US Bancorp DE increased its holdings in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 290.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,810 shares of the investment management company’s stock after purchasing an additional 5,810 shares during the quarter. US Bancorp DE’s holdings in BNY Mellon Strategic Municipals were worth $70,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LEO. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of BNY Mellon Strategic Municipals during the first quarter worth about $7,133,000. Morgan Stanley grew its holdings in BNY Mellon Strategic Municipals by 20.1% during the 1st quarter. Morgan Stanley now owns 800,064 shares of the investment management company’s stock valued at $6,832,000 after buying an additional 133,998 shares in the last quarter. Northern Trust Corp purchased a new position in BNY Mellon Strategic Municipals during the 1st quarter valued at approximately $297,000. Guggenheim Capital LLC grew its holdings in BNY Mellon Strategic Municipals by 2.9% during the 1st quarter. Guggenheim Capital LLC now owns 1,036,029 shares of the investment management company’s stock valued at $8,847,000 after buying an additional 29,368 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC purchased a new position in BNY Mellon Strategic Municipals during the 1st quarter valued at approximately $215,000. Hedge funds and other institutional investors own 11.02% of the company’s stock.

NYSE LEO opened at $8.95 on Tuesday. The business has a 50 day simple moving average of $9.20 and a two-hundred day simple moving average of $8.91. BNY Mellon Strategic Municipals, Inc. has a 1-year low of $7.97 and a 1-year high of $9.50.

The company also recently declared a monthly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th will be issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Tuesday, September 14th.

BNY Mellon Strategic Municipals Company 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.

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Institutional Ownership by Quarter for BNY Mellon Strategic Municipals (NYSE:LEO)

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