Bank of America Corp DE Grows Stock Position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Bank of America Corp DE raised its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 256,083 shares of the investment management company’s stock after buying an additional 30,272 shares during the quarter. Bank of America Corp DE’s holdings in BNY Mellon Strategic Municipals were worth $1,547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LEO. Walleye Capital LLC purchased a new stake in BNY Mellon Strategic Municipals in the fourth quarter valued at about $71,000. PNC Financial Services Group Inc. raised its stake in shares of BNY Mellon Strategic Municipals by 1,100.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,003 shares of the investment management company’s stock worth $72,000 after purchasing an additional 11,003 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of BNY Mellon Strategic Municipals in the fourth quarter worth about $112,000. Landscape Capital Management L.L.C. purchased a new position in shares of BNY Mellon Strategic Municipals in the fourth quarter worth about $126,000. Finally, Independent Advisor Alliance purchased a new position in shares of BNY Mellon Strategic Municipals in the fourth quarter worth about $127,000.

BNY Mellon Strategic Municipals Stock Performance

Shares of NYSE:LEO opened at $5.79 on Thursday. BNY Mellon Strategic Municipals, Inc. has a 52-week low of $5.55 and a 52-week high of $6.64. The business has a 50-day moving average price of $5.87 and a 200-day moving average price of $6.08.

BNY Mellon Strategic Municipals Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be paid a $0.023 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.77%. This is a boost from BNY Mellon Strategic Municipals’s previous monthly dividend of $0.02. The ex-dividend date is Thursday, June 12th.

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.