BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Stock Holdings Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 3.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 193,616 shares of the investment management company’s stock after acquiring an additional 6,191 shares during the period. Envestnet Asset Management Inc. owned about 0.31% of BNY Mellon Strategic Municipals worth $1,185,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of BNY Mellon Strategic Municipals in the 4th quarter worth $920,000. Landscape Capital Management L.L.C. acquired a new position in shares of BNY Mellon Strategic Municipals in the 4th quarter valued at $126,000. Wells Fargo & Company MN increased its stake in BNY Mellon Strategic Municipals by 4.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,465,414 shares of the investment management company’s stock worth $8,851,000 after purchasing an additional 64,526 shares in the last quarter. Sit Investment Associates Inc. raised its holdings in BNY Mellon Strategic Municipals by 13.6% during the 4th quarter. Sit Investment Associates Inc. now owns 313,643 shares of the investment management company’s stock worth $1,894,000 after buying an additional 37,513 shares during the period. Finally, Wedbush Securities Inc. raised its holdings in BNY Mellon Strategic Municipals by 15.5% during the 4th quarter. Wedbush Securities Inc. now owns 22,389 shares of the investment management company’s stock worth $135,000 after buying an additional 3,000 shares during the period.

BNY Mellon Strategic Municipals Stock Up 0.4%

LEO stock opened at $5.88 on Friday. BNY Mellon Strategic Municipals, Inc. has a one year low of $5.55 and a one year high of $6.64. The firm has a 50-day moving average of $5.83 and a two-hundred day moving average of $5.98.

BNY Mellon Strategic Municipals Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 13th will be paid a $0.023 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a c) dividend on an annualized basis and a yield of 4.7%.

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.