Truist Financial Corp Takes $892,000 Position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Truist Financial Corp acquired a new stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 143,397 shares of the investment management company’s stock, valued at approximately $892,000.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in shares of BNY Mellon Strategic Municipals in the 4th quarter valued at about $41,000. Mercer Global Advisors Inc. ADV bought a new position in shares of BNY Mellon Strategic Municipals in the 1st quarter valued at about $69,000. Atria Wealth Solutions Inc. bought a new position in shares of BNY Mellon Strategic Municipals in the 4th quarter valued at about $69,000. Cetera Investment Advisers bought a new position in shares of BNY Mellon Strategic Municipals in the 4th quarter valued at about $69,000. Finally, Leo Brokerage LLC bought a new position in shares of BNY Mellon Strategic Municipals in the 1st quarter valued at about $84,000.

BNY Mellon Strategic Municipals Stock Performance

Shares of NYSE LEO opened at $5.34 on Tuesday. BNY Mellon Strategic Municipals, Inc. has a fifty-two week low of $4.98 and a fifty-two week high of $6.66. The business has a 50-day moving average of $5.39 and a 200-day moving average of $5.82.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a dividend of $0.019 per share. This represents a $0.23 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Tuesday, November 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.