Virtu Financial LLC Makes New Investment in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Virtu Financial LLC purchased a new stake in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEOFree Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 18,563 shares of the investment management company’s stock, valued at approximately $112,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LEO. Rockefeller Capital Management L.P. lifted its stake in shares of BNY Mellon Strategic Municipals by 30.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 141,159 shares of the investment management company’s stock valued at $919,000 after purchasing an additional 32,916 shares during the last quarter. HighTower Advisors LLC boosted 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 worth $398,000 after buying an additional 5,240 shares during the period. Rivernorth Capital Management LLC increased its position in shares of BNY Mellon Strategic Municipals by 18.8% during the third quarter. Rivernorth Capital Management LLC now owns 2,278,868 shares of the investment management company’s stock valued at $14,835,000 after acquiring an additional 360,045 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of BNY Mellon Strategic Municipals in the 3rd quarter valued at approximately $85,000. Finally, Capital Investment Advisors LLC lifted its holdings in shares of BNY Mellon Strategic Municipals by 0.6% in the 4th quarter. Capital Investment Advisors LLC now owns 471,361 shares of the investment management company’s stock worth $2,847,000 after acquiring an additional 2,632 shares during the last quarter.

BNY Mellon Strategic Municipals Stock Up 0.2 %

NYSE:LEO opened at $6.12 on Monday. BNY Mellon Strategic Municipals, Inc. has a fifty-two week low of $5.79 and a fifty-two week high of $6.64. The company has a 50 day moving average price of $6.19 and a 200 day moving average price of $6.27.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.019 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.73%.

BNY Mellon Strategic Municipals Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BNY Mellon Strategic Municipals (NYSE:LEO)

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