Gridiron Partners LLC Sells 1,585,208 Shares of BNY Mellon Strategic Municipals, Inc. $LEO

Gridiron Partners LLC trimmed its position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 79.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 409,774 shares of the investment management company’s stock after selling 1,585,208 shares during the quarter. BNY Mellon Strategic Municipals makes up about 1.5% of Gridiron Partners LLC’s investment portfolio, making the stock its 9th biggest position. Gridiron Partners LLC owned 0.64% of BNY Mellon Strategic Municipals worth $2,606,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Pathstone Holdings LLC raised its stake in shares of BNY Mellon Strategic Municipals by 23.2% in the third quarter. Pathstone Holdings LLC now owns 3,839,659 shares of the investment management company’s stock valued at $23,998,000 after acquiring an additional 723,676 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in BNY Mellon Strategic Municipals during the 3rd quarter valued at $2,065,000. Advisors Asset Management Inc. increased its holdings in BNY Mellon Strategic Municipals by 36.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 694,270 shares of the investment management company’s stock valued at $4,339,000 after purchasing an additional 186,196 shares in the last quarter. Curi Capital LLC bought a new position in BNY Mellon Strategic Municipals in the 2nd quarter valued at $740,000. Finally, Bulldog Investors LLP raised its position in BNY Mellon Strategic Municipals by 18.2% in the 3rd quarter. Bulldog Investors LLP now owns 725,132 shares of the investment management company’s stock valued at $4,532,000 after purchasing an additional 111,628 shares during the last quarter.

BNY Mellon Strategic Municipals Price Performance

BNY Mellon Strategic Municipals stock opened at $6.24 on Friday. The business’s fifty day moving average is $6.42 and its two-hundred day moving average is $6.31. BNY Mellon Strategic Municipals, Inc. has a 52 week low of $5.55 and a 52 week high of $6.55.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 12th will be given a dividend of $0.026 per share. The ex-dividend date is Thursday, March 12th. This represents a c) annualized dividend and a yield of 5.0%.

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.