Wells Fargo & Company MN Boosts Holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Wells Fargo & Company MN raised its position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 4.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,465,414 shares of the investment management company’s stock after buying an additional 64,526 shares during the quarter. Wells Fargo & Company MN’s holdings in BNY Mellon Strategic Municipals were worth $8,851,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of LEO. PNC Financial Services Group Inc. lifted its holdings in BNY Mellon Strategic Municipals by 1,100.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,003 shares of the investment management company’s stock valued at $72,000 after acquiring an additional 11,003 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of BNY Mellon Strategic Municipals in the third quarter valued at about $85,000. Avior Wealth Management LLC grew its position in BNY Mellon Strategic Municipals by 16.2% during the fourth quarter. Avior Wealth Management LLC now owns 18,389 shares of the investment management company’s stock worth $111,000 after buying an additional 2,559 shares during the period. Virtu Financial LLC acquired a new position in BNY Mellon Strategic Municipals during the fourth quarter worth about $112,000. Finally, Landscape Capital Management L.L.C. purchased a new position in BNY Mellon Strategic Municipals in the fourth quarter valued at about $126,000.

BNY Mellon Strategic Municipals Trading Up 0.6 %

BNY Mellon Strategic Municipals stock opened at $5.82 on Friday. The firm’s 50-day simple moving average is $6.11 and its 200 day simple moving average is $6.20. BNY Mellon Strategic Municipals, Inc. has a 52 week low of $5.55 and a 52 week high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be paid a dividend of $0.019 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Monday, April 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.