Commonwealth Equity Services LLC Has $211,000 Stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Commonwealth Equity Services LLC decreased its stake in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 8.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 34,860 shares of the investment management company’s stock after selling 3,240 shares during the quarter. Commonwealth Equity Services LLC’s holdings in BNY Mellon Strategic Municipals were worth $211,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in LEO. Rivernorth Capital Management LLC boosted its stake in BNY Mellon Strategic Municipals by 25.7% during the third quarter. Rivernorth Capital Management LLC now owns 2,411,067 shares of the investment management company’s stock worth $15,696,000 after buying an additional 492,244 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of BNY Mellon Strategic Municipals by 6.0% during the 4th quarter. Van ECK Associates Corp now owns 532,276 shares of the investment management company’s stock valued at $3,215,000 after acquiring an additional 30,072 shares in the last quarter. Capital Investment Advisors LLC increased its stake in BNY Mellon Strategic Municipals by 0.6% in the fourth quarter. Capital Investment Advisors LLC now owns 471,361 shares of the investment management company’s stock valued at $2,847,000 after acquiring an additional 2,632 shares during the period. Ackerman Capital Advisors LLC raised its position in BNY Mellon Strategic Municipals by 28.2% in the fourth quarter. Ackerman Capital Advisors LLC now owns 317,221 shares of the investment management company’s stock worth $1,916,000 after purchasing an additional 69,719 shares in the last quarter. Finally, Riverbridge Partners LLC lifted its stake in BNY Mellon Strategic Municipals by 40.8% during the fourth quarter. Riverbridge Partners LLC now owns 196,515 shares of the investment management company’s stock worth $1,187,000 after purchasing an additional 56,927 shares during the period.

BNY Mellon Strategic Municipals Stock Up 0.2 %

Shares of LEO stock opened at $5.87 on Thursday. The stock’s fifty day simple moving average is $6.16 and its 200 day simple moving average is $6.23. BNY Mellon Strategic Municipals, Inc. has a one year low of $5.69 and a one year high of $6.64.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be paid a $0.019 dividend. The ex-dividend date is Monday, April 14th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.88%.

BNY Mellon Strategic Municipals 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.