Rothschild Investment LLC Makes New $245,000 Investment in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Rothschild Investment LLC acquired a new stake in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 40,000 shares of the investment management company’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Matisse Capital increased its holdings in BNY Mellon Strategic Municipals by 1.1% during the 2nd quarter. Matisse Capital now owns 273,100 shares of the investment management company’s stock worth $1,671,000 after purchasing an additional 3,100 shares in the last quarter. Integrated Capital Management Inc. raised its position in BNY Mellon Strategic Municipals by 16.8% in the 2nd quarter. Integrated Capital Management Inc. now owns 32,710 shares of the investment management company’s stock valued at $200,000 after buying an additional 4,709 shares during the last quarter. Ackerman Capital Advisors LLC lifted its stake in BNY Mellon Strategic Municipals by 5.0% during the 2nd quarter. Ackerman Capital Advisors LLC now owns 251,177 shares of the investment management company’s stock valued at $1,537,000 after acquiring an additional 11,944 shares in the last quarter. WMG Financial Advisors LLC bought a new position in BNY Mellon Strategic Municipals during the 2nd quarter valued at $96,000. Finally, Blue Bell Private Wealth Management LLC bought a new stake in shares of BNY Mellon Strategic Municipals in the 1st quarter worth $105,000.

BNY Mellon Strategic Municipals Stock Performance

Shares of LEO stock opened at $6.32 on Tuesday. The firm has a 50-day moving average of $6.25 and a 200-day moving average of $6.09. BNY Mellon Strategic Municipals, Inc. has a one year low of $4.98 and a one year high of $6.45.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be paid a $0.019 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.23 annualized dividend and a yield of 3.61%.

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.