Raymond James & Associates Sells 21,165 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Raymond James & Associates cut its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,508 shares of the investment management company’s stock after selling 21,165 shares during the quarter. Raymond James & Associates’ holdings in BNY Mellon Strategic Municipals were worth $788,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. bought a new stake in BNY Mellon Strategic Municipals in the 3rd quarter valued at $2,285,000. AQR Arbitrage LLC boosted its position in shares of BNY Mellon Strategic Municipals by 165.4% in the third quarter. AQR Arbitrage LLC now owns 471,119 shares of the investment management company’s stock valued at $2,511,000 after acquiring an additional 293,630 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of BNY Mellon Strategic Municipals in the third quarter valued at about $420,000. Van ECK Associates Corp grew its stake in shares of BNY Mellon Strategic Municipals by 23.2% in the third quarter. Van ECK Associates Corp now owns 416,745 shares of the investment management company’s stock valued at $2,221,000 after acquiring an additional 78,385 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its position in BNY Mellon Strategic Municipals by 220.6% during the third quarter. Landscape Capital Management L.L.C. now owns 80,215 shares of the investment management company’s stock worth $428,000 after acquiring an additional 55,196 shares during the period.

BNY Mellon Strategic Municipals Trading Up 0.6 %

Shares of BNY Mellon Strategic Municipals stock opened at $5.88 on Wednesday. The company has a 50-day simple moving average of $5.99 and a two-hundred day simple moving average of $5.78. BNY Mellon Strategic Municipals, Inc. has a twelve month low of $4.98 and a twelve month high of $6.38.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th will be given a $0.019 dividend. The ex-dividend date is Thursday, April 11th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.88%.

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.