Hennion & Walsh Asset Management Inc. Trims Stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Hennion & Walsh Asset Management Inc. reduced its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,445,288 shares of the investment management company’s stock after selling 10,447 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Strategic Municipals were worth $8,730,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LEO. XML Financial LLC purchased a new stake in BNY Mellon Strategic Municipals in the 3rd quarter worth approximately $67,000. Sanctuary Advisors LLC purchased a new stake in shares of BNY Mellon Strategic Municipals during the 3rd quarter valued at $85,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of BNY Mellon Strategic Municipals during the 2nd quarter worth $90,000. Avior Wealth Management LLC raised its position 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 worth $103,000 after buying an additional 8,857 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in BNY Mellon Strategic Municipals by 32.5% in 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 acquiring an additional 5,000 shares during the last quarter.

BNY Mellon Strategic Municipals Stock Performance

Shares of NYSE:LEO opened at $6.14 on Thursday. BNY Mellon Strategic Municipals, Inc. has a 12 month low of $5.76 and a 12 month high of $6.64. The business has a 50-day moving average of $6.21 and a two-hundred day moving average of $6.30.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.019 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.23 dividend on an annualized basis and a yield of 3.71%.

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.