Van ECK Associates Corp Purchases 30,072 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Van ECK Associates Corp grew its position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 532,276 shares of the investment management company’s stock after purchasing an additional 30,072 shares during the quarter. Van ECK Associates Corp’s holdings in BNY Mellon Strategic Municipals were worth $3,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LEO. HighTower Advisors LLC boosted its holdings in BNY Mellon Strategic Municipals by 9.3% in the 3rd quarter. HighTower Advisors LLC now owns 61,693 shares of the investment management company’s stock worth $398,000 after buying an additional 5,240 shares during the period. Park Avenue Securities LLC lifted its position in shares of BNY Mellon Strategic Municipals by 4.9% in the fourth quarter. Park Avenue Securities LLC now owns 168,143 shares of the investment management company’s stock valued at $1,016,000 after acquiring an additional 7,899 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of BNY Mellon Strategic Municipals in the third quarter valued at about $85,000. Rivernorth Capital Management LLC boosted its stake in shares of BNY Mellon Strategic Municipals by 18.8% in the third quarter. Rivernorth Capital Management LLC now owns 2,278,868 shares of the investment management company’s stock worth $14,835,000 after acquiring an additional 360,045 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in shares of BNY Mellon Strategic Municipals by 30.4% during the third quarter. Rockefeller Capital Management L.P. now owns 141,159 shares of the investment management company’s stock worth $919,000 after purchasing an additional 32,916 shares in the last quarter.

BNY Mellon Strategic Municipals Price Performance

NYSE LEO opened at $6.27 on Thursday. BNY Mellon Strategic Municipals, Inc. has a 12 month low of $5.79 and a 12 month high of $6.64. The stock’s 50 day moving average is $6.14 and its 200 day moving average is $6.30.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.019 per share. The ex-dividend date is Friday, February 14th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.64%.

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.