Capital Market Strategies LLC Sells 13,500 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Capital Market Strategies LLC cut its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 54.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,121 shares of the investment management company’s stock after selling 13,500 shares during the period. Capital Market Strategies LLC’s holdings in BNY Mellon Strategic Municipals were worth $67,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LEO. XML Financial LLC purchased a new position in shares of BNY Mellon Strategic Municipals in the 3rd quarter worth about $67,000. Sanctuary Advisors LLC purchased a new stake in BNY Mellon Strategic Municipals in the third quarter worth approximately $85,000. Mercer Global Advisors Inc. ADV bought a new position in BNY Mellon Strategic Municipals during the second quarter valued at approximately $90,000. Avior Wealth Management LLC raised its stake in shares of BNY Mellon Strategic Municipals by 127.0% during the third quarter. Avior Wealth Management LLC now owns 15,830 shares of the investment management company’s stock worth $103,000 after acquiring an additional 8,857 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of BNY Mellon Strategic Municipals by 32.5% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,400 shares of the investment management company’s stock worth $125,000 after acquiring an additional 5,000 shares during the last quarter.

BNY Mellon Strategic Municipals Price Performance

Shares of BNY Mellon Strategic Municipals stock traded down $0.01 during trading on Monday, reaching $6.16. The company’s stock had a trading volume of 65,441 shares, compared to its average volume of 100,529. The firm’s 50-day moving average is $6.24 and its two-hundred day moving average is $6.30. BNY Mellon Strategic Municipals, Inc. has a 52-week low of $5.76 and a 52-week high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.019 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.70%.

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.