Janney Montgomery Scott LLC Makes New Investment in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Janney Montgomery Scott LLC purchased a new position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEOGet Rating) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 23,349 shares of the investment management company’s stock, valued at approximately $152,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC raised its holdings in BNY Mellon Strategic Municipals by 343.1% during the 1st quarter. Rivernorth Capital Management LLC now owns 657,182 shares of the investment management company’s stock worth $4,725,000 after purchasing an additional 508,852 shares during the last quarter. Robinson Capital Management LLC increased its stake in shares of BNY Mellon Strategic Municipals by 765.5% in the 1st quarter. Robinson Capital Management LLC now owns 488,300 shares of the investment management company’s stock valued at $3,521,000 after acquiring an additional 431,885 shares in the last quarter. Invesco Ltd. increased its stake in shares of BNY Mellon Strategic Municipals by 10.7% in the 1st quarter. Invesco Ltd. now owns 408,651 shares of the investment management company’s stock valued at $2,938,000 after acquiring an additional 39,537 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of BNY Mellon Strategic Municipals by 4.0% in the 1st quarter. Van ECK Associates Corp now owns 340,171 shares of the investment management company’s stock valued at $2,446,000 after acquiring an additional 13,131 shares in the last quarter. Finally, Leo Brokerage LLC bought a new stake in shares of BNY Mellon Strategic Municipals in the 2nd quarter valued at $1,866,000. Institutional investors own 13.54% of the company’s stock.

BNY Mellon Strategic Municipals Trading Up 0.3 %

NYSE:LEO opened at $6.12 on Friday. The company has a fifty day moving average of $6.13 and a 200-day moving average of $6.54. BNY Mellon Strategic Municipals, Inc. has a twelve month low of $5.87 and a twelve month high of $8.53.

BNY Mellon Strategic Municipals Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be paid a $0.023 dividend. The ex-dividend date is Monday, November 14th. This represents a $0.28 annualized dividend and a dividend yield of 4.51%.

About BNY Mellon Strategic Municipals

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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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