152,250 Shares in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Purchased by Raymond James Financial Inc.

Posted by Defense World Staff on Apr 5th, 2025

Raymond James Financial Inc. bought a new position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 152,250 shares of the investment management company’s stock, valued at approximately $920,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in shares of BNY Mellon Strategic Municipals in the 3rd quarter worth $85,000. Avior Wealth Management LLC grew its stake in BNY Mellon Strategic Municipals by 16.2% in the fourth quarter. Avior Wealth Management LLC now owns 18,389 shares of the investment management company’s stock valued at $111,000 after purchasing an additional 2,559 shares during the last quarter. Compass Financial Services Inc bought a new position in BNY Mellon Strategic Municipals in the fourth quarter worth about $176,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of BNY Mellon Strategic Municipals during the fourth quarter valued at about $203,000. Finally, Daner Wealth Management LLC bought a new stake in shares of BNY Mellon Strategic Municipals in the 4th quarter valued at about $319,000.

BNY Mellon Strategic Municipals Trading Down 1.6 %

NYSE LEO opened at $6.08 on Friday. BNY Mellon Strategic Municipals, Inc. has a 52 week low of $5.79 and a 52 week high of $6.64. The company has a 50 day moving average price of $6.19 and a 200 day moving average price of $6.26.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be issued a dividend of $0.019 per share. The ex-dividend date is Monday, April 14th. This represents a $0.23 annualized dividend and a dividend yield of 3.75%.

BNY Mellon Strategic Municipals Company Profile

(Free Report)

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.