Centaurus Financial Inc. Sells 3,925 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Centaurus Financial Inc. trimmed its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 2.8% in the third quarter, Holdings Channel reports. The firm owned 137,020 shares of the investment management company’s stock after selling 3,925 shares during the quarter. Centaurus Financial Inc.’s holdings in BNY Mellon Strategic Municipals were worth $892,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its holdings in shares of BNY Mellon Strategic Municipals by 127.0% in the 3rd quarter. Avior Wealth Management LLC now owns 15,830 shares of the investment management company’s stock valued at $103,000 after buying an additional 8,857 shares during the last quarter. Pathstone Holdings LLC raised its position in BNY Mellon Strategic Municipals by 133.1% during the third quarter. Pathstone Holdings LLC now owns 1,103,527 shares of the investment management company’s stock worth $7,185,000 after acquiring an additional 630,137 shares in the last quarter. XML Financial LLC acquired a new stake in BNY Mellon Strategic Municipals in the third quarter valued at $67,000. Capital Investment Advisors LLC lifted its stake in BNY Mellon Strategic Municipals by 14.5% in the third quarter. Capital Investment Advisors LLC now owns 468,729 shares of the investment management company’s stock valued at $3,051,000 after acquiring an additional 59,316 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of BNY Mellon Strategic Municipals by 32.5% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,400 shares of the investment management company’s stock valued at $125,000 after acquiring an additional 5,000 shares during the period.

BNY Mellon Strategic Municipals Stock Up 0.6 %

Shares of LEO stock opened at $6.25 on Tuesday. BNY Mellon Strategic Municipals, Inc. has a 52-week low of $5.53 and a 52-week high of $6.64. The firm’s 50-day moving average is $6.39 and its 200-day moving average is $6.26.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.019 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.65%.

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.