HighTower Advisors LLC Acquires 23,557 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

HighTower Advisors LLC boosted its holdings in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 38.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,250 shares of the investment management company’s stock after buying an additional 23,557 shares during the quarter. HighTower Advisors LLC’s holdings in BNY Mellon Strategic Municipals were worth $515,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Rivernorth Capital Management LLC grew its position in shares of BNY Mellon Strategic Municipals by 25.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,411,067 shares of the investment management company’s stock valued at $15,696,000 after acquiring an additional 492,244 shares during the period. Van ECK Associates Corp lifted its position in BNY Mellon Strategic Municipals by 6.0% during the fourth quarter. Van ECK Associates Corp now owns 532,276 shares of the investment management company’s stock valued at $3,215,000 after purchasing an additional 30,072 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in BNY Mellon Strategic Municipals by 0.6% during the fourth quarter. Capital Investment Advisors LLC now owns 471,361 shares of the investment management company’s stock valued at $2,847,000 after purchasing an additional 2,632 shares during the period. Ackerman Capital Advisors LLC increased its position in BNY Mellon Strategic Municipals by 28.2% in the fourth quarter. Ackerman Capital Advisors LLC now owns 317,221 shares of the investment management company’s stock worth $1,916,000 after buying an additional 69,719 shares in the last quarter. Finally, Riverbridge Partners LLC raised its stake in shares of BNY Mellon Strategic Municipals by 40.8% in the fourth quarter. Riverbridge Partners LLC now owns 196,515 shares of the investment management company’s stock worth $1,187,000 after buying an additional 56,927 shares during the period.

BNY Mellon Strategic Municipals Stock Up 0.2 %

LEO stock opened at $6.12 on Monday. The business’s 50-day moving average price is $6.19 and its 200-day moving average price is $6.27. BNY Mellon Strategic Municipals, Inc. has a twelve month low of $5.79 and a twelve month high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.019 per share. This represents a $0.23 annualized dividend and a yield of 3.73%. The ex-dividend date is Friday, March 14th.

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.