Noble Wealth Management PBC Purchases New Position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Noble Wealth Management PBC purchased a new stake in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 99,196 shares of the investment management company’s stock, valued at approximately $599,000.

A number of other institutional investors also recently modified their holdings of the business. Avior Wealth Management LLC lifted its stake in shares of BNY Mellon Strategic Municipals by 16.2% during the 4th quarter. Avior Wealth Management LLC now owns 18,389 shares of the investment management company’s stock valued at $111,000 after buying an additional 2,559 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in shares of BNY Mellon Strategic Municipals by 0.6% during the 4th quarter. Capital Investment Advisors LLC now owns 471,361 shares of the investment management company’s stock valued at $2,847,000 after buying an additional 2,632 shares in the last quarter. Melfa Wealth Management Inc. lifted its stake in BNY Mellon Strategic Municipals by 5.2% in the 4th quarter. Melfa Wealth Management Inc. now owns 60,298 shares of the investment management company’s stock worth $364,000 after purchasing an additional 3,000 shares in the last quarter. HighTower Advisors LLC lifted its stake in BNY Mellon Strategic Municipals by 9.3% in the 3rd quarter. HighTower Advisors LLC now owns 61,693 shares of the investment management company’s stock worth $398,000 after purchasing an additional 5,240 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in BNY Mellon Strategic Municipals by 4.9% in the 4th quarter. Park Avenue Securities LLC now owns 168,143 shares of the investment management company’s stock worth $1,016,000 after purchasing an additional 7,899 shares in the last quarter.

BNY Mellon Strategic Municipals Trading Up 0.4 %

NYSE LEO opened at $6.31 on Friday. BNY Mellon Strategic Municipals, Inc. has a 1 year low of $5.79 and a 1 year high of $6.64. The company’s 50 day simple moving average is $6.15 and its two-hundred day simple moving average is $6.30.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.019 dividend. This represents a $0.23 annualized dividend and a yield of 3.62%. The ex-dividend date is Friday, March 14th.

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.