BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) is Logan Stone Capital LLC’s 9th Largest Position

Logan Stone Capital LLC reduced its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 24.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,182,056 shares of the investment management company’s stock after selling 376,152 shares during the quarter. BNY Mellon Strategic Municipals comprises 1.9% of Logan Stone Capital LLC’s investment portfolio, making the stock its 9th biggest holding. Logan Stone Capital LLC’s holdings in BNY Mellon Strategic Municipals were worth $7,234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV acquired a new stake in shares of BNY Mellon Strategic Municipals during the 2nd quarter valued at approximately $90,000. WMG Financial Advisors LLC purchased a new position in BNY Mellon Strategic Municipals in the 2nd quarter valued at approximately $96,000. Novak & Powell Financial Services Inc. acquired a new position in BNY Mellon Strategic Municipals during the fourth quarter worth $145,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of BNY Mellon Strategic Municipals in the 2nd quarter worth about $156,000. Finally, Integrated Capital Management Inc. grew its position in shares of BNY Mellon Strategic Municipals by 16.8% in the second quarter. Integrated Capital Management Inc. now owns 32,710 shares of the investment management company’s stock valued at $200,000 after purchasing an additional 4,709 shares during the last quarter.

BNY Mellon Strategic Municipals Price Performance

BNY Mellon Strategic Municipals stock opened at $6.52 on Friday. BNY Mellon Strategic Municipals, Inc. has a fifty-two week low of $4.98 and a fifty-two week high of $6.64. The stock has a fifty day moving average of $6.37 and a two-hundred day moving average of $6.15.

BNY Mellon Strategic Municipals Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be paid a $0.019 dividend. This represents a $0.23 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Monday, September 16th.

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.