Van ECK Associates Corp Has $3.16 Million Stock Position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Van ECK Associates Corp cut its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 2.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 502,204 shares of the investment management company’s stock after selling 14,953 shares during the quarter. Van ECK Associates Corp’s holdings in BNY Mellon Strategic Municipals were worth $3,156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LEO. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of BNY Mellon Strategic Municipals by 8.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,465,468 shares of the investment management company’s stock worth $8,969,000 after acquiring an additional 110,623 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in BNY Mellon Strategic Municipals by 14.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 468,729 shares of the investment management company’s stock valued at $3,051,000 after purchasing an additional 59,316 shares during the last quarter. Almitas Capital LLC acquired a new stake in BNY Mellon Strategic Municipals in the second quarter valued at approximately $351,000. Rothschild Investment LLC bought a new stake in shares of BNY Mellon Strategic Municipals during the second quarter worth $245,000. Finally, Blue Bell Private Wealth Management LLC increased its holdings in shares of BNY Mellon Strategic Municipals by 228.2% during the second quarter. Blue Bell Private Wealth Management LLC now owns 56,455 shares of the investment management company’s stock worth $346,000 after buying an additional 39,255 shares in the last quarter.

BNY Mellon Strategic Municipals Price Performance

NYSE LEO opened at $6.33 on Friday. BNY Mellon Strategic Municipals, Inc. has a twelve month low of $5.36 and a twelve month high of $6.64. The business’s fifty day moving average is $6.43 and its 200 day moving average is $6.24.

BNY Mellon Strategic Municipals Announces Dividend

The company also recently declared 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. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Friday, November 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.