Sunbelt Securities Inc. Invests $112,000 in Dreyfus Strategic Muni. (NYSE:LEO)

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Sunbelt Securities Inc. purchased a new position in Dreyfus Strategic Muni. (NYSE:LEO) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,000 shares of the investment management company’s stock, valued at approximately $112,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cornerstone Advisory LLC raised its holdings in Dreyfus Strategic Muni. by 3.5% during the second quarter. Cornerstone Advisory LLC now owns 2,308,513 shares of the investment management company’s stock worth $18,861,000 after purchasing an additional 77,057 shares during the last quarter. Morgan Stanley grew its holdings in Dreyfus Strategic Muni. by 4.2% in the second quarter. Morgan Stanley now owns 596,705 shares of the investment management company’s stock valued at $4,875,000 after purchasing an additional 23,850 shares during the last quarter. Invesco Ltd. grew its holdings in Dreyfus Strategic Muni. by 41.1% in the second quarter. Invesco Ltd. now owns 340,501 shares of the investment management company’s stock valued at $2,782,000 after purchasing an additional 99,121 shares during the last quarter. Capital Investment Advisors LLC increased its position in shares of Dreyfus Strategic Muni. by 1.0% in the third quarter. Capital Investment Advisors LLC now owns 320,278 shares of the investment management company’s stock valued at $2,748,000 after buying an additional 3,016 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of Dreyfus Strategic Muni. by 186.1% in the second quarter. LPL Financial LLC now owns 137,928 shares of the investment management company’s stock valued at $1,127,000 after buying an additional 89,714 shares in the last quarter. 11.51% of the stock is owned by hedge funds and other institutional investors.

NYSE:LEO opened at $8.50 on Tuesday. Dreyfus Strategic Muni. has a 52-week low of $7.07 and a 52-week high of $8.75. The stock has a fifty day simple moving average of $8.50 and a 200-day simple moving average of $8.41.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.42 dividend on an annualized basis and a yield of 4.94%.

About Dreyfus Strategic Muni.

Dreyfus Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by The Dreyfus Corporation. 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 Dreyfus Strategic Muni. (NYSE:LEO)

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