BNY Mellon Strategic Municipals (NYSE:LEO) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.30 and traded as low as $5.99. BNY Mellon Strategic Municipals shares last traded at $6.01, with a volume of 255,295 shares trading hands.

BNY Mellon Strategic Municipals Trading Down 0.2 %

The business’s 50-day moving average is $6.32 and its two-hundred day moving average is $6.30.

BNY Mellon Strategic Municipals Dividend Announcement

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

Institutional Investors Weigh In On BNY Mellon Strategic Municipals

Several hedge funds have recently modified their holdings of LEO. Ackerman Capital Advisors LLC grew its holdings in BNY Mellon Strategic Municipals by 5.0% during the 2nd quarter. Ackerman Capital Advisors LLC now owns 251,177 shares of the investment management company’s stock valued at $1,537,000 after purchasing an additional 11,944 shares in the last quarter. WMG Financial Advisors LLC acquired a new stake in shares of BNY Mellon Strategic Municipals during the second quarter valued at about $96,000. Matisse Capital increased its position in shares of BNY Mellon Strategic Municipals by 1.1% during the second quarter. Matisse Capital now owns 273,100 shares of the investment management company’s stock worth $1,671,000 after acquiring an additional 3,100 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of BNY Mellon Strategic Municipals in the second quarter worth about $245,000. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in BNY Mellon Strategic Municipals by 228.2% in the second quarter. Blue Bell Private Wealth Management LLC now owns 56,455 shares of the investment management company’s stock valued at $346,000 after purchasing an additional 39,255 shares during the last quarter.

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.