HighTower Advisors LLC Grows Stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

HighTower Advisors LLC boosted its holdings in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 38.2% during the 4th quarter, Holdings Channel reports. The firm owned 85,250 shares of the investment management company’s stock after buying an additional 23,557 shares during the period. HighTower Advisors LLC’s holdings in BNY Mellon Strategic Municipals were worth $515,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in LEO. Rivernorth Capital Management LLC lifted its stake in BNY Mellon Strategic Municipals by 25.7% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,411,067 shares of the investment management company’s stock worth $15,696,000 after purchasing an additional 492,244 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of BNY Mellon Strategic Municipals in the fourth quarter worth about $920,000. Noble Wealth Management PBC bought a new stake in shares of BNY Mellon Strategic Municipals in the fourth quarter worth about $599,000. Ackerman Capital Advisors LLC lifted its position in shares of BNY Mellon Strategic Municipals by 28.2% in the fourth quarter. Ackerman Capital Advisors LLC now owns 317,221 shares of the investment management company’s stock worth $1,916,000 after buying an additional 69,719 shares in the last quarter. Finally, Riverbridge Partners LLC boosted its stake in BNY Mellon Strategic Municipals by 40.8% during the fourth quarter. Riverbridge Partners LLC now owns 196,515 shares of the investment management company’s stock valued at $1,187,000 after buying an additional 56,927 shares during the last quarter.

BNY Mellon Strategic Municipals Stock Up 0.2 %

NYSE:LEO opened at $6.12 on Monday. The stock’s 50 day simple moving average is $6.19 and its two-hundred day simple moving average is $6.27. BNY Mellon Strategic Municipals, Inc. has a 1 year low of $5.79 and a 1 year high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.019 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.73%.

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.