Merit Financial Group LLC Sells 2,734 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Merit Financial Group LLC cut its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,636 shares of the investment management company’s stock after selling 2,734 shares during the period. Merit Financial Group LLC’s holdings in BNY Mellon Strategic Municipals were worth $197,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC purchased a new stake in BNY Mellon Strategic Municipals in the 4th quarter valued at about $68,000. Phillips Financial Management LLC purchased a new stake in shares of BNY Mellon Strategic Municipals in the third quarter valued at approximately $88,000. Almitas Capital LLC purchased a new position in BNY Mellon Strategic Municipals during the 3rd quarter worth $125,000. Kingswood Wealth Advisors LLC raised its position in BNY Mellon Strategic Municipals by 112.8% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 25,530 shares of the investment management company’s stock valued at $150,000 after purchasing an additional 13,530 shares in the last quarter. Finally, Advisor Partners II LLC bought a new stake in BNY Mellon Strategic Municipals during the 3rd quarter valued at $142,000.

BNY Mellon Strategic Municipals Price Performance

LEO opened at $6.09 on Friday. BNY Mellon Strategic Municipals, Inc. has a 12-month low of $4.98 and a 12-month high of $6.33. The business’s fifty day simple moving average is $5.98 and its 200-day simple moving average is $5.83.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.019 per share. This represents a $0.23 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Monday, May 13th.

About BNY Mellon Strategic Municipals

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.