BNY Mellon Strategic Municipals (NYSE:LEO) Stock Passes Below 200-Day Moving Average – Here’s What Happened

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.30 and traded as low as $5.99. BNY Mellon Strategic Municipals shares last traded at $6.01, with a volume of 111,942 shares trading hands.

BNY Mellon Strategic Municipals Price Performance

The business’s 50 day moving average is $6.22 and its 200-day moving average is $6.30.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.019 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.23 dividend on an annualized basis and a yield of 3.79%.

Institutional Trading of BNY Mellon Strategic Municipals

A number of hedge funds have recently added to or reduced their stakes in the stock. XML Financial LLC bought a new position in BNY Mellon Strategic Municipals during the third quarter worth $67,000. Sanctuary Advisors LLC purchased a new position in BNY Mellon Strategic Municipals during the third quarter worth about $85,000. Mercer Global Advisors Inc. ADV purchased a new position in BNY Mellon Strategic Municipals in the second quarter valued at about $90,000. Avior Wealth Management LLC boosted its stake in BNY Mellon Strategic Municipals by 127.0% in the third quarter. Avior Wealth Management LLC now owns 15,830 shares of the investment management company’s stock valued at $103,000 after acquiring an additional 8,857 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of BNY Mellon Strategic Municipals by 32.5% during 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 buying an additional 5,000 shares in the last quarter.

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.