Hennion & Walsh Asset Management Inc. Has $10.87 Million Stake in BNY Mellon Strategic Municipals, Inc. $LEO

Hennion & Walsh Asset Management Inc. boosted its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 110.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,683,135 shares of the investment management company’s stock after acquiring an additional 884,861 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Strategic Municipals were worth $10,873,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LEO. Bulldog Investors LLP increased its holdings in BNY Mellon Strategic Municipals by 6.5% during the 1st quarter. Bulldog Investors LLP now owns 1,576,371 shares of the investment management company’s stock worth $9,915,000 after purchasing an additional 95,859 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of BNY Mellon Strategic Municipals by 8.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 527,746 shares of the investment management company’s stock valued at $3,320,000 after purchasing an additional 40,450 shares in the last quarter. Altium Capital Management LLC boosted its position in shares of BNY Mellon Strategic Municipals by 67.4% during the first quarter. Altium Capital Management LLC now owns 438,676 shares of the investment management company’s stock worth $2,759,000 after buying an additional 176,624 shares during the period. Riverbridge Partners LLC boosted its position in shares of BNY Mellon Strategic Municipals by 11.3% during the first quarter. Riverbridge Partners LLC now owns 358,313 shares of the investment management company’s stock worth $2,254,000 after buying an additional 36,496 shares during the period. Finally, Evolve Private Wealth LLC grew its holdings in shares of BNY Mellon Strategic Municipals by 74.2% during the first quarter. Evolve Private Wealth LLC now owns 26,178 shares of the investment management company’s stock worth $165,000 after buying an additional 11,150 shares in the last quarter.

BNY Mellon Strategic Municipals Trading Up 0.9%

NYSE:LEO opened at $6.22 on Friday. The stock has a 50-day simple moving average of $6.35 and a 200 day simple moving average of $6.36. BNY Mellon Strategic Municipals, Inc. has a 52-week low of $5.82 and a 52-week high of $6.55.

BNY Mellon Strategic Municipals (NYSE:LEO) last released its earnings results on Friday, May 29th. The investment management company reported $0.08 EPS for the quarter. The firm had revenue of $7.57 million during the quarter.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, August 13th will be issued a $0.03 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%.

About BNY Mellon Strategic Municipals

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.