HighTower Advisors LLC Grows Stock Holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

HighTower Advisors LLC grew its holdings in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 9.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,693 shares of the investment management company’s stock after purchasing an additional 5,240 shares during the quarter. HighTower Advisors LLC’s holdings in BNY Mellon Strategic Municipals were worth $398,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. XML Financial LLC acquired a new position in shares of BNY Mellon Strategic Municipals in the 3rd quarter valued at $67,000. Mercer Global Advisors Inc. ADV acquired a new position in BNY Mellon Strategic Municipals in the second quarter valued at $90,000. WMG Financial Advisors LLC purchased a new stake in BNY Mellon Strategic Municipals during the second quarter valued at about $96,000. Avior Wealth Management LLC raised its holdings in shares of 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 during the period. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of BNY Mellon Strategic Municipals by 32.5% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,400 shares of the investment management company’s stock valued at $125,000 after purchasing an additional 5,000 shares in the last quarter.

BNY Mellon Strategic Municipals Price Performance

LEO opened at $6.01 on Monday. BNY Mellon Strategic Municipals, Inc. has a 1 year low of $5.76 and a 1 year high of $6.64. The firm has a 50 day moving average price of $6.31 and a 200 day moving average price of $6.30.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.019 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, December 13th.

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.