Allspring Global Investments Holdings LLC Has $3.10 Million Stock Holdings in BNY Mellon Strategic Municipals, Inc. $LEO

Allspring Global Investments Holdings LLC increased its position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 47.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 487,296 shares of the investment management company’s stock after acquiring an additional 156,969 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.76% of BNY Mellon Strategic Municipals worth $3,099,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Riverbridge Partners LLC boosted its stake in shares of BNY Mellon Strategic Municipals by 40.4% in the 4th quarter. Riverbridge Partners LLC now owns 321,817 shares of the investment management company’s stock valued at $2,047,000 after purchasing an additional 92,566 shares during the last quarter. Williams Jones Wealth Management LLC. acquired a new stake in BNY Mellon Strategic Municipals during the 3rd quarter worth $269,000. Fort Point Capital Partners LLC acquired a new stake in BNY Mellon Strategic Municipals during the 3rd quarter worth $68,000. Bulldog Investors LLP grew its holdings in BNY Mellon Strategic Municipals by 18.2% during the 3rd quarter. Bulldog Investors LLP now owns 725,132 shares of the investment management company’s stock worth $4,532,000 after acquiring an additional 111,628 shares during the period. Finally, Pathstone Holdings LLC grew its holdings in BNY Mellon Strategic Municipals by 23.2% during the 3rd quarter. Pathstone Holdings LLC now owns 3,839,659 shares of the investment management company’s stock worth $23,998,000 after acquiring an additional 723,676 shares during the period.

BNY Mellon Strategic Municipals Trading Up 1.9%

NYSE LEO opened at $6.33 on Wednesday. The stock has a 50-day simple moving average of $6.37 and a 200 day simple moving average of $6.32. BNY Mellon Strategic Municipals, Inc. has a 12 month low of $5.55 and a 12 month high of $6.55.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 14th will be given a $0.026 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Tuesday, April 14th.

BNY Mellon Strategic Municipals Profile

BNY Mellon Strategic Municipals (NYSE: LEO) is a closed-end management investment company that seeks to deliver a high level of current income exempt from U.S. federal income tax. The fund primarily allocates its assets to investment-grade municipal securities, including bonds and other debt instruments issued by U.S. states, territories, municipalities and their authorities.

Beyond traditional investment-grade munis, the fund may also invest in below-investment-grade securities, variable‐rate demand obligations, municipal derivatives and other income-producing instruments.