LPL Financial LLC Trims Stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

LPL Financial LLC lessened its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 1.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 111,805 shares of the investment management company’s stock after selling 1,801 shares during the period. LPL Financial LLC’s holdings in BNY Mellon Strategic Municipals were worth $675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC increased its stake in BNY Mellon Strategic Municipals by 16.2% in the 4th quarter. Avior Wealth Management LLC now owns 18,389 shares of the investment management company’s stock worth $111,000 after acquiring an additional 2,559 shares during the last quarter. Capital Investment Advisors LLC boosted its position in shares of BNY Mellon Strategic Municipals by 0.6% during the 4th quarter. Capital Investment Advisors LLC now owns 471,361 shares of the investment management company’s stock valued at $2,847,000 after acquiring an additional 2,632 shares during the last quarter. Melfa Wealth Management Inc. grew its holdings in shares of BNY Mellon Strategic Municipals by 5.2% during the fourth quarter. Melfa Wealth Management Inc. now owns 60,298 shares of the investment management company’s stock worth $364,000 after purchasing an additional 3,000 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of BNY Mellon Strategic Municipals by 4.9% in the fourth quarter. Park Avenue Securities LLC now owns 168,143 shares of the investment management company’s stock worth $1,016,000 after purchasing an additional 7,899 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake 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 purchasing an additional 11,003 shares in the last quarter.

BNY Mellon Strategic Municipals Trading Up 0.4 %

Shares of BNY Mellon Strategic Municipals stock opened at $5.70 on Wednesday. The company has a 50 day simple moving average of $6.08 and a two-hundred day simple moving average of $6.18. BNY Mellon Strategic Municipals, Inc. has a 1 year low of $5.55 and a 1 year high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be given a $0.019 dividend. The ex-dividend date is Monday, April 14th. This represents a $0.23 annualized dividend and a yield of 4.00%.

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.