Hennion & Walsh Asset Management Inc. Grows Holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Hennion & Walsh Asset Management Inc. grew its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 36.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,354,845 shares of the investment management company’s stock after buying an additional 358,813 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Strategic Municipals were worth $8,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LEO. Gridiron Partners LLC purchased a new position in BNY Mellon Strategic Municipals in the 4th quarter worth approximately $2,354,000. AQR Arbitrage LLC grew its stake in BNY Mellon Strategic Municipals by 165.4% in the 3rd quarter. AQR Arbitrage LLC now owns 471,119 shares of the investment management company’s stock worth $2,511,000 after buying an additional 293,630 shares in the last quarter. Matisse Capital purchased a new position in BNY Mellon Strategic Municipals in the 4th quarter worth approximately $1,549,000. Ackerman Capital Advisors LLC lifted its holdings in shares of BNY Mellon Strategic Municipals by 169.6% in the 4th quarter. Ackerman Capital Advisors LLC now owns 240,837 shares of the investment management company’s stock worth $1,411,000 after acquiring an additional 151,514 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in shares of BNY Mellon Strategic Municipals by 109.3% in the 4th quarter. Wolverine Asset Management LLC now owns 165,029 shares of the investment management company’s stock worth $967,000 after acquiring an additional 86,174 shares during the last quarter.

BNY Mellon Strategic Municipals Trading Up 0.7 %

Shares of LEO traded up $0.04 during mid-day trading on Friday, reaching $6.12. The company’s stock had a trading volume of 428,429 shares, compared to its average volume of 192,737. BNY Mellon Strategic Municipals, Inc. has a 52 week low of $4.98 and a 52 week high of $6.29. The company’s fifty day moving average price is $6.01 and its two-hundred day moving average price is $5.97.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a $0.019 dividend. The ex-dividend date is Monday, July 15th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.73%.

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.