Raymond James Financial Inc. Takes $920,000 Position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Raymond James Financial Inc. purchased a new position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 152,250 shares of the investment management company’s stock, valued at approximately $920,000.

A number of other large investors have also made changes to their positions in LEO. PNC Financial Services Group Inc. boosted its stake in BNY Mellon Strategic Municipals by 1,100.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,003 shares of the investment management company’s stock worth $72,000 after buying an additional 11,003 shares during the last quarter. Avior Wealth Management LLC increased its position in BNY Mellon Strategic Municipals by 16.2% during the fourth quarter. Avior Wealth Management LLC now owns 18,389 shares of the investment management company’s stock worth $111,000 after purchasing an additional 2,559 shares during the last quarter. Virtu Financial LLC purchased a new position in BNY Mellon Strategic Municipals during the fourth quarter worth about $112,000. Landscape Capital Management L.L.C. acquired a new position in BNY Mellon Strategic Municipals in the 4th quarter valued at about $126,000. Finally, Independent Advisor Alliance acquired a new position in BNY Mellon Strategic Municipals in the fourth quarter valued at approximately $127,000.

BNY Mellon Strategic Municipals Trading Down 0.4 %

Shares of BNY Mellon Strategic Municipals stock opened at $5.85 on Tuesday. BNY Mellon Strategic Municipals, Inc. has a fifty-two week low of $5.55 and a fifty-two week high of $6.64. The stock has a 50 day moving average of $6.01 and a 200 day moving average of $6.14.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 14th will be issued a $0.019 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.23 annualized dividend and a yield of 3.90%.

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.