Van ECK Associates Corp Boosts Stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Van ECK Associates Corp raised its position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 14.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 476,520 shares of the investment management company’s stock after purchasing an additional 59,775 shares during the period. Van ECK Associates Corp’s holdings in BNY Mellon Strategic Municipals were worth $2,792,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Arbitrage LLC raised its position in BNY Mellon Strategic Municipals by 165.4% in the 3rd quarter. AQR Arbitrage LLC now owns 471,119 shares of the investment management company’s stock worth $2,511,000 after purchasing an additional 293,630 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new stake in BNY Mellon Strategic Municipals in the 3rd quarter worth about $2,285,000. Capital Investment Advisors LLC raised its position in BNY Mellon Strategic Municipals by 3.8% in the 4th quarter. Capital Investment Advisors LLC now owns 408,076 shares of the investment management company’s stock worth $2,391,000 after purchasing an additional 14,916 shares during the period. Ackerman Capital Advisors LLC raised its position in BNY Mellon Strategic Municipals by 169.6% in the 4th quarter. Ackerman Capital Advisors LLC now owns 240,837 shares of the investment management company’s stock worth $1,411,000 after purchasing an additional 151,514 shares during the period. Finally, Wolverine Asset Management LLC increased its position in shares of BNY Mellon Strategic Municipals by 109.3% during the fourth quarter. Wolverine Asset Management LLC now owns 165,029 shares of the investment management company’s stock worth $967,000 after acquiring an additional 86,174 shares during the period.

BNY Mellon Strategic Municipals Stock Up 0.3 %

Shares of NYSE:LEO opened at $6.05 on Wednesday. The firm’s 50 day simple moving average is $5.98 and its 200-day simple moving average is $5.83. BNY Mellon Strategic Municipals, Inc. has a one year low of $4.98 and a one year high of $6.33.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.019 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, May 13th.

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.