BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. decreased its stake in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 140,945 shares of the investment management company’s stock after selling 3,360 shares during the period. Centaurus Financial Inc.’s holdings in BNY Mellon Strategic Municipals were worth $863,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. increased its stake in BNY Mellon Strategic Municipals by 32.5% during the second quarter. B. Riley Wealth Advisors Inc. now owns 20,400 shares of the investment management company’s stock worth $125,000 after acquiring an additional 5,000 shares during the last quarter. Almitas Capital LLC acquired a new stake in BNY Mellon Strategic Municipals during the 2nd quarter worth approximately $351,000. Mercer Global Advisors Inc. ADV acquired a new stake in BNY Mellon Strategic Municipals during the 2nd quarter worth approximately $90,000. Blue Bell Private Wealth Management LLC raised its holdings in BNY Mellon Strategic Municipals by 228.2% in the second quarter. Blue Bell Private Wealth Management LLC now owns 56,455 shares of the investment management company’s stock valued at $346,000 after buying an additional 39,255 shares during the period. Finally, Rothschild Investment LLC acquired a new position in BNY Mellon Strategic Municipals during the second quarter valued at approximately $245,000.

BNY Mellon Strategic Municipals Price Performance

BNY Mellon Strategic Municipals stock opened at $6.50 on Friday. The firm has a fifty day moving average of $6.41 and a 200-day moving average of $6.16. BNY Mellon Strategic Municipals, Inc. has a 52-week low of $4.98 and a 52-week high of $6.64.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.019 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.23 annualized dividend and a yield of 3.51%.

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.