BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Shares Sold by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd lessened its holdings in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 63.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,608 shares of the investment management company’s stock after selling 46,774 shares during the quarter. NINE MASTS CAPITAL Ltd’s holdings in BNY Mellon Strategic Municipals were worth $161,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of LEO. XML Financial LLC purchased a new position in shares of BNY Mellon Strategic Municipals in the third quarter worth about $67,000. Sanctuary Advisors LLC purchased a new position in BNY Mellon Strategic Municipals in the 3rd quarter worth approximately $85,000. Avior Wealth Management LLC lifted its stake in 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 purchasing an additional 8,857 shares in the last quarter. Compass Financial Services Inc acquired a new position in shares of BNY Mellon Strategic Municipals during the 4th quarter worth approximately $176,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of BNY Mellon Strategic Municipals in the fourth quarter valued at approximately $203,000.

BNY Mellon Strategic Municipals Stock Up 0.4 %

NYSE:LEO opened at $6.31 on Monday. The stock has a 50 day moving average price of $6.15 and a 200 day moving average price of $6.30. BNY Mellon Strategic Municipals, Inc. has a one year low of $5.79 and a one year 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 $0.019 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend 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.