Capital Investment Advisors LLC Acquires 59,316 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Capital Investment Advisors LLC increased its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 14.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 468,729 shares of the investment management company’s stock after purchasing an additional 59,316 shares during the period. Capital Investment Advisors LLC’s holdings in BNY Mellon Strategic Municipals were worth $3,051,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LEO. Mercer Global Advisors Inc. ADV bought a new stake in shares of BNY Mellon Strategic Municipals during the 2nd quarter worth about $90,000. WMG Financial Advisors LLC bought a new stake in BNY Mellon Strategic Municipals during the second quarter worth approximately $96,000. B. Riley Wealth Advisors Inc. grew its holdings in BNY Mellon Strategic Municipals by 32.5% during the second quarter. B. Riley Wealth Advisors Inc. now owns 20,400 shares of the investment management company’s stock valued at $125,000 after purchasing an additional 5,000 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of BNY Mellon Strategic Municipals in the second quarter valued at approximately $156,000. Finally, Integrated Capital Management Inc. lifted its stake in shares of BNY Mellon Strategic Municipals by 16.8% in the second quarter. Integrated Capital Management Inc. now owns 32,710 shares of the investment management company’s stock worth $200,000 after buying an additional 4,709 shares during the last quarter.

BNY Mellon Strategic Municipals Price Performance

NYSE LEO opened at $6.50 on Friday. BNY Mellon Strategic Municipals, Inc. has a 1 year low of $4.98 and a 1 year high of $6.64. The company has a fifty day simple moving average of $6.45 and a 200 day simple moving average of $6.20.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.019 per share. This represents a $0.23 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Tuesday, October 15th.

About BNY Mellon Strategic Municipals

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.