BNY Mellon Strategic Municipals (NYSE:LEO) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 255,295 shares traded.

BNY Mellon Strategic Municipals Stock Down 0.2 %

The firm’s fifty day moving average is $6.32 and its 200-day moving average is $6.30.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.019 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.79%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LEO. XML Financial LLC bought a new position in shares of BNY Mellon Strategic Municipals in the 3rd quarter worth about $67,000. Sanctuary Advisors LLC acquired a new stake in BNY Mellon Strategic Municipals during the third quarter worth about $85,000. Mercer Global Advisors Inc. ADV bought a new position in BNY Mellon Strategic Municipals in the second quarter worth about $90,000. WMG Financial Advisors LLC acquired a new position in BNY Mellon Strategic Municipals in the second quarter valued at approximately $96,000. Finally, Avior Wealth Management LLC grew its holdings in shares of BNY Mellon Strategic Municipals by 127.0% during the third quarter. Avior Wealth Management LLC now owns 15,830 shares of the investment management company’s stock valued at $103,000 after purchasing an additional 8,857 shares during 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.