Capital Market Strategies LLC Sells 13,500 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Capital Market Strategies LLC lessened its stake in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 54.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,121 shares of the investment management company’s stock after selling 13,500 shares during the quarter. Capital Market Strategies LLC’s holdings in BNY Mellon Strategic Municipals were worth $67,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC grew its stake in BNY Mellon Strategic Municipals by 9.3% during the third quarter. HighTower Advisors LLC now owns 61,693 shares of the investment management company’s stock valued at $398,000 after acquiring an additional 5,240 shares in the last quarter. Sanctuary Advisors LLC bought a new position in BNY Mellon Strategic Municipals in the 3rd quarter valued at $85,000. Almitas Capital LLC purchased a new position in shares of BNY Mellon Strategic Municipals during the 2nd quarter valued at $351,000. Rivernorth Capital Management LLC increased its holdings in shares of BNY Mellon Strategic Municipals by 18.8% in the third quarter. Rivernorth Capital Management LLC now owns 2,278,868 shares of the investment management company’s stock worth $14,835,000 after purchasing an additional 360,045 shares during the period. Finally, Capital Investment Advisors LLC raised its position in shares of BNY Mellon Strategic Municipals by 14.5% in the third quarter. Capital Investment Advisors LLC now owns 468,729 shares of the investment management company’s stock worth $3,051,000 after buying an additional 59,316 shares in the last quarter.

BNY Mellon Strategic Municipals Price Performance

NYSE:LEO traded down $0.01 during trading hours on Monday, hitting $6.16. 65,441 shares of the company’s stock traded hands, compared to its average volume of 100,529. BNY Mellon Strategic Municipals, Inc. has a 52 week low of $5.76 and a 52 week high of $6.64. The business’s fifty day simple moving average is $6.24 and its two-hundred day simple moving average is $6.30.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.019 per share. This represents a $0.23 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Wednesday, January 15th.

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.