180 Wealth Advisors LLC Sells 7,244 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

180 Wealth Advisors LLC lowered its holdings in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 8.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,034 shares of the investment management company’s stock after selling 7,244 shares during the period. 180 Wealth Advisors LLC’s holdings in BNY Mellon Strategic Municipals were worth $473,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Integrated Capital Management Inc. grew its stake in shares of BNY Mellon Strategic Municipals by 16.8% in the 2nd quarter. Integrated Capital Management Inc. now owns 32,710 shares of the investment management company’s stock valued at $200,000 after buying an additional 4,709 shares during the period. Matisse Capital grew its stake in BNY Mellon Strategic Municipals by 2.1% in the first quarter. Matisse Capital now owns 270,000 shares of the investment management company’s stock valued at $1,647,000 after acquiring an additional 5,612 shares during the period. Verdence Capital Advisors LLC bought a new stake in shares of BNY Mellon Strategic Municipals during the fourth quarter valued at approximately $68,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of BNY Mellon Strategic Municipals during the first quarter worth approximately $105,000. Finally, Novak & Powell Financial Services Inc. bought a new position in shares of BNY Mellon Strategic Municipals in the 4th quarter worth $145,000.

BNY Mellon Strategic Municipals Stock Performance

LEO stock traded down $0.07 during midday trading on Thursday, reaching $6.36. 181,127 shares of the company’s stock traded hands, compared to its average volume of 173,348. BNY Mellon Strategic Municipals, Inc. has a 52 week low of $4.98 and a 52 week high of $6.43. The firm’s fifty day moving average price is $6.18 and its 200-day moving average price is $6.05.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be paid a dividend of $0.019 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.23 dividend on an annualized basis and a yield of 3.59%.

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.