BNY Mellon Strategic Municipals, Inc. $LEO Shares Acquired by Riverbridge Partners LLC

Riverbridge Partners LLC boosted its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 40.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 321,817 shares of the investment management company’s stock after buying an additional 92,566 shares during the quarter. Riverbridge Partners LLC’s holdings in BNY Mellon Strategic Municipals were worth $2,047,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC increased its stake in BNY Mellon Strategic Municipals by 72.7% in the third quarter. CWM LLC now owns 6,305 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 2,654 shares during the last quarter. Fort Point Capital Partners LLC purchased a new stake in shares of BNY Mellon Strategic Municipals during the 3rd quarter worth approximately $68,000. Nomura Holdings Inc. acquired a new position in shares of BNY Mellon Strategic Municipals in the 2nd quarter valued at $118,000. Lee Financial Co acquired a new position in shares of BNY Mellon Strategic Municipals in the 3rd quarter valued at $240,000. Finally, Williams Jones Wealth Management LLC. purchased a new position in shares of BNY Mellon Strategic Municipals in the 3rd quarter valued at $269,000.

BNY Mellon Strategic Municipals Trading Down 0.1%

Shares of NYSE:LEO opened at $6.07 on Friday. The company’s fifty day moving average price is $6.39 and its 200 day moving average price is $6.31. BNY Mellon Strategic Municipals, Inc. has a 12 month low of $5.55 and a 12 month high of $6.55.

BNY Mellon Strategic Municipals Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.026 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) annualized dividend and a dividend yield of 5.1%.

BNY Mellon Strategic Municipals Profile

BNY Mellon Strategic Municipals (NYSE: LEO) is a closed-end management investment company that seeks to deliver a high level of current income exempt from U.S. federal income tax. The fund primarily allocates its assets to investment-grade municipal securities, including bonds and other debt instruments issued by U.S. states, territories, municipalities and their authorities.

Beyond traditional investment-grade munis, the fund may also invest in below-investment-grade securities, variable‐rate demand obligations, municipal derivatives and other income-producing instruments.