Van ECK Associates Corp Sells 14,953 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Van ECK Associates Corp lessened its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 502,204 shares of the investment management company’s stock after selling 14,953 shares during the quarter. Van ECK Associates Corp’s holdings in BNY Mellon Strategic Municipals were worth $3,156,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LEO. Mercer Global Advisors Inc. ADV acquired a new stake in BNY Mellon Strategic Municipals in the 2nd quarter worth about $90,000. WMG Financial Advisors LLC bought a new stake in shares of BNY Mellon Strategic Municipals in the second quarter valued at approximately $96,000. B. Riley Wealth Advisors Inc. grew its position 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 buying an additional 5,000 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in BNY Mellon Strategic Municipals during the 2nd quarter worth $156,000. Finally, Integrated Capital Management Inc. raised its holdings in BNY Mellon Strategic Municipals by 16.8% in the 2nd quarter. Integrated Capital Management Inc. now owns 32,710 shares of the investment management company’s stock valued at $200,000 after acquiring an additional 4,709 shares in the last quarter.

BNY Mellon Strategic Municipals Price Performance

LEO opened at $6.33 on Friday. BNY Mellon Strategic Municipals, Inc. has a 52-week low of $5.36 and a 52-week high of $6.64. The business’s fifty day moving average is $6.43 and its 200-day moving average is $6.24.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.019 dividend. This represents a $0.23 annualized dividend and a yield of 3.60%. 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.