Pathstone Holdings LLC Acquires 630,137 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Pathstone Holdings LLC raised its stake in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 133.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,103,527 shares of the investment management company’s stock after purchasing an additional 630,137 shares during the period. Pathstone Holdings LLC’s holdings in BNY Mellon Strategic Municipals were worth $7,185,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. XML Financial LLC purchased a new stake in shares of BNY Mellon Strategic Municipals during the 3rd quarter valued at about $67,000. Mercer Global Advisors Inc. ADV bought a new position in shares of BNY Mellon Strategic Municipals in the second quarter worth about $90,000. WMG Financial Advisors LLC purchased a new position in BNY Mellon Strategic Municipals during the 2nd quarter worth $96,000. B. Riley Wealth Advisors Inc. boosted its position in BNY Mellon Strategic Municipals by 32.5% during 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 purchasing an additional 5,000 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in BNY Mellon Strategic Municipals in the second quarter worth about $156,000.

BNY Mellon Strategic Municipals Stock Down 0.2 %

Shares of BNY Mellon Strategic Municipals stock opened at $6.21 on Friday. The company has a 50 day moving average price of $6.40 and a 200 day moving average price of $6.26. BNY Mellon Strategic Municipals, Inc. has a 52 week low of $5.50 and a 52 week high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.019 per share. The ex-dividend date is Friday, November 15th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.67%.

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.