Avior Wealth Management LLC Grows Stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Avior Wealth Management LLC increased its position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 127.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,830 shares of the investment management company’s stock after acquiring an additional 8,857 shares during the period. Avior Wealth Management LLC’s holdings in BNY Mellon Strategic Municipals were worth $103,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. XML Financial LLC bought a new stake in shares of BNY Mellon Strategic Municipals during the 3rd quarter valued at about $67,000. Mercer Global Advisors Inc. ADV bought a new stake in BNY Mellon Strategic Municipals during the second quarter valued at approximately $90,000. WMG Financial Advisors LLC purchased a new stake in BNY Mellon Strategic Municipals during the second quarter valued at approximately $96,000. B. Riley Wealth Advisors Inc. raised its position in BNY Mellon Strategic Municipals by 32.5% in 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 period. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of BNY Mellon Strategic Municipals during the 2nd quarter worth $156,000.

BNY Mellon Strategic Municipals Stock Performance

NYSE:LEO opened at $6.21 on Friday. BNY Mellon Strategic Municipals, Inc. has a one year low of $5.50 and a one year high of $6.64. The business has a fifty day moving average price of $6.39 and a 200-day moving average price of $6.26.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.019 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Friday, November 15th.

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.