Park Avenue Securities LLC Decreases Position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Park Avenue Securities LLC lowered its position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,244 shares of the investment management company’s stock after selling 4,394 shares during the quarter. Park Avenue Securities LLC’s holdings in BNY Mellon Strategic Municipals were worth $1,043,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV purchased a new stake in shares of BNY Mellon Strategic Municipals during the second quarter worth approximately $90,000. WMG Financial Advisors LLC acquired a new stake in BNY Mellon Strategic Municipals during the 2nd quarter worth $96,000. B. Riley Wealth Advisors Inc. boosted its stake in BNY Mellon Strategic Municipals by 32.5% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,400 shares of the investment management company’s stock worth $125,000 after purchasing an additional 5,000 shares during the last quarter. Novak & Powell Financial Services Inc. acquired a new stake in shares of BNY Mellon Strategic Municipals in the fourth quarter valued at about $145,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of BNY Mellon Strategic Municipals in the second quarter worth about $156,000.

BNY Mellon Strategic Municipals Price Performance

LEO opened at $6.48 on Wednesday. The company’s 50 day simple moving average is $6.42 and its two-hundred day simple moving average is $6.17. BNY Mellon Strategic Municipals, Inc. has a 1-year low of $4.98 and a 1-year high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.019 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.23 annualized dividend and a dividend yield of 3.52%.

BNY Mellon Strategic Municipals Company 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.