Raymond James & Associates Sells 21,165 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Raymond James & Associates lowered its position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,508 shares of the investment management company’s stock after selling 21,165 shares during the quarter. Raymond James & Associates’ holdings in BNY Mellon Strategic Municipals were worth $788,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LEO. Phillips Financial Management LLC bought a new stake in shares of BNY Mellon Strategic Municipals during the third quarter worth $88,000. Almitas Capital LLC bought a new stake in BNY Mellon Strategic Municipals during the 3rd quarter worth about $125,000. Advisor Partners II LLC acquired a new stake in BNY Mellon Strategic Municipals in the 3rd quarter valued at about $142,000. 180 Wealth Advisors LLC raised its stake in shares of BNY Mellon Strategic Municipals by 61.5% in the third quarter. 180 Wealth Advisors LLC now owns 76,073 shares of the investment management company’s stock worth $405,000 after acquiring an additional 28,976 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in shares of BNY Mellon Strategic Municipals during the third quarter worth approximately $420,000.

BNY Mellon Strategic Municipals Price Performance

Shares of BNY Mellon Strategic Municipals stock opened at $5.88 on Wednesday. The firm has a 50 day simple moving average of $5.99 and a 200 day simple moving average of $5.78. BNY Mellon Strategic Municipals, Inc. has a fifty-two week low of $4.98 and a fifty-two week high of $6.38.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th will be paid a $0.019 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.23 annualized dividend and a dividend yield of 3.88%.

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.