Nuveen LLC Makes New $315,000 Investment in BNY Mellon Strategic Municipals, Inc. $LEO

Nuveen LLC acquired a new position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 51,503 shares of the investment management company’s stock, valued at approximately $315,000. Nuveen LLC owned approximately 0.08% of BNY Mellon Strategic Municipals at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE raised its holdings in BNY Mellon Strategic Municipals by 13.4% during the 4th quarter. Bank of America Corp DE now owns 256,083 shares of the investment management company’s stock valued at $1,547,000 after buying an additional 30,272 shares during the period. Logan Stone Capital LLC raised its holdings in BNY Mellon Strategic Municipals by 0.6% during the 4th quarter. Logan Stone Capital LLC now owns 1,244,554 shares of the investment management company’s stock valued at $7,517,000 after buying an additional 7,130 shares during the period. Nomura Holdings Inc. purchased a new stake in BNY Mellon Strategic Municipals during the 4th quarter valued at $362,000. Pathstone Holdings LLC raised its holdings in BNY Mellon Strategic Municipals by 34.8% during the 4th quarter. Pathstone Holdings LLC now owns 1,488,106 shares of the investment management company’s stock valued at $8,993,000 after buying an additional 384,579 shares during the period. Finally, Saba Capital Management L.P. raised its holdings in BNY Mellon Strategic Municipals by 11.2% during the 4th quarter. Saba Capital Management L.P. now owns 4,932,793 shares of the investment management company’s stock valued at $29,794,000 after buying an additional 496,846 shares during the period.

BNY Mellon Strategic Municipals Stock Performance

NYSE:LEO opened at $6.04 on Friday. The stock’s fifty day moving average is $5.88 and its 200 day moving average is $5.93. BNY Mellon Strategic Municipals, Inc. has a fifty-two week low of $5.55 and a fifty-two week high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be given a $0.023 dividend. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, September 12th.

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.