BNY Mellon Strategic Municipals (NYSE:LEO) Stock Passes Below 200-Day Moving Average – Here’s What Happened

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) passed below its 200-day moving average during trading on Monday . The stock has a 200-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 111,942 shares.

BNY Mellon Strategic Municipals Stock Down 0.5 %

The company’s 50 day simple moving average is $6.22 and its 200-day simple moving average is $6.30.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.019 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Wednesday, January 15th.

Institutional Investors Weigh In On BNY Mellon Strategic Municipals

A number of large investors have recently added to or reduced their stakes in LEO. Mercer Global Advisors Inc. ADV bought a new stake in BNY Mellon Strategic Municipals during the second quarter worth about $90,000. Almitas Capital LLC purchased a new position in shares of BNY Mellon Strategic Municipals during the second quarter valued at approximately $351,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of 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 during the last quarter. Capital Investment Advisors LLC increased its holdings in BNY Mellon Strategic Municipals by 14.5% during the third quarter. Capital Investment Advisors LLC now owns 468,729 shares of the investment management company’s stock valued at $3,051,000 after buying an additional 59,316 shares during the last quarter. Finally, XML Financial LLC purchased a new stake in BNY Mellon Strategic Municipals during the third quarter valued at approximately $67,000.

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.