Nations Financial Group Inc. IA ADV Has $489,000 Stock Position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Nations Financial Group Inc. IA ADV lessened its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,100 shares of the investment management company’s stock after selling 3,000 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in BNY Mellon Strategic Municipals were worth $489,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. XML Financial LLC bought a new stake in BNY Mellon Strategic Municipals during the 3rd quarter worth about $67,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of BNY Mellon Strategic Municipals in the second quarter valued at about $90,000. WMG Financial Advisors LLC bought a new stake in BNY Mellon Strategic Municipals during the second quarter worth about $96,000. B. Riley Wealth Advisors Inc. boosted its position in BNY Mellon Strategic Municipals by 32.5% during the second quarter. B. Riley Wealth Advisors Inc. now owns 20,400 shares of the investment management company’s stock valued at $125,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in BNY Mellon Strategic Municipals during the second quarter valued at approximately $156,000.

BNY Mellon Strategic Municipals Stock Down 0.2 %

NYSE:LEO opened at $6.26 on Thursday. BNY Mellon Strategic Municipals, Inc. has a twelve month low of $5.47 and a twelve month high of $6.64. The stock’s 50 day moving average price is $6.43 and its two-hundred day moving average price is $6.25.

BNY Mellon Strategic Municipals Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.019 per share. The ex-dividend date is Friday, November 15th. This represents a $0.23 dividend on an annualized basis and a yield of 3.64%.

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.