BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 9.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 61,693 shares of the investment management company’s stock after acquiring an additional 5,240 shares during the quarter. HighTower Advisors LLC’s holdings in BNY Mellon Strategic Municipals were worth $398,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LEO. XML Financial LLC purchased a new stake in BNY Mellon Strategic Municipals during the 3rd quarter worth approximately $67,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of BNY Mellon Strategic Municipals during the 2nd quarter valued at approximately $90,000. WMG Financial Advisors LLC acquired a new stake in shares of BNY Mellon Strategic Municipals during the second quarter worth approximately $96,000. Avior Wealth Management LLC increased its stake in shares of BNY Mellon Strategic Municipals by 127.0% in the third quarter. Avior Wealth Management LLC now owns 15,830 shares of the investment management company’s stock worth $103,000 after buying an additional 8,857 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its holdings in BNY Mellon Strategic Municipals by 32.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 20,400 shares of the investment management company’s stock valued at $125,000 after acquiring an additional 5,000 shares in the last quarter.

BNY Mellon Strategic Municipals Trading Down 0.2 %

NYSE LEO opened at $6.01 on Monday. The company’s fifty day moving average price is $6.31 and its two-hundred day moving average price is $6.30. BNY Mellon Strategic Municipals, Inc. has a 12 month low of $5.76 and a 12 month high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.019 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.23 dividend on an annualized basis and a yield of 3.79%.

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.