Novus Advisors LLC Purchases New Stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Novus Advisors LLC purchased a new stake in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) in the fourth quarter, Holdings Channel reports. The firm purchased 23,900 shares of the investment management company’s stock, valued at approximately $144,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LEO. XML Financial LLC purchased a new position in BNY Mellon Strategic Municipals during the 3rd quarter valued at $67,000. Sanctuary Advisors LLC purchased a new stake in shares of BNY Mellon Strategic Municipals in the 3rd quarter worth about $85,000. Avior Wealth Management LLC grew 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. Compass Financial Services Inc purchased a new stake in BNY Mellon Strategic Municipals during the 4th quarter valued at about $176,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in BNY Mellon Strategic Municipals during the 4th quarter valued at about $203,000.

BNY Mellon Strategic Municipals Stock Performance

LEO opened at $6.24 on Friday. The company’s 50-day simple moving average is $6.17 and its two-hundred day simple moving average is $6.30. BNY Mellon Strategic Municipals, Inc. has a 52-week low of $5.79 and a 52-week high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.019 per share. This represents a $0.23 annualized dividend and a yield of 3.66%. The ex-dividend date is Friday, March 14th.

BNY Mellon Strategic Municipals Profile

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.