Park Avenue Securities LLC Purchases 7,899 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Park Avenue Securities LLC increased its position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 168,143 shares of the investment management company’s stock after acquiring an additional 7,899 shares during the period. Park Avenue Securities LLC’s holdings in BNY Mellon Strategic Municipals were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LEO. Pathstone Holdings LLC increased its holdings in shares of BNY Mellon Strategic Municipals by 133.1% in the 3rd quarter. Pathstone Holdings LLC now owns 1,103,527 shares of the investment management company’s stock worth $7,185,000 after buying an additional 630,137 shares during the last quarter. Rivernorth Capital Management LLC increased its holdings in shares of BNY Mellon Strategic Municipals by 25.7% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,411,067 shares of the investment management company’s stock worth $15,696,000 after buying an additional 492,244 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in shares of BNY Mellon Strategic Municipals by 14.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 468,729 shares of the investment management company’s stock worth $3,051,000 after buying an additional 59,316 shares during the last quarter. Almitas Capital LLC bought a new position in shares of BNY Mellon Strategic Municipals in the 2nd quarter worth $351,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of BNY Mellon Strategic Municipals by 30.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 141,159 shares of the investment management company’s stock worth $919,000 after buying an additional 32,916 shares during the last quarter.

BNY Mellon Strategic Municipals Price Performance

Shares of NYSE:LEO opened at $6.19 on Tuesday. The company’s fifty day moving average price is $6.20 and its 200-day moving average price is $6.30. BNY Mellon Strategic Municipals, Inc. has a one year low of $5.76 and a one year high of $6.64.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.019 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.