Bridgewater Advisors Inc. Makes New Investment in BNY Mellon Strategic Municipals, Inc. $LEO

Bridgewater Advisors Inc. bought a new stake in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) during the second quarter, Holdings Channel.com reports. The fund bought 92,770 shares of the investment management company’s stock, valued at approximately $538,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Analysts LLC purchased a new position in BNY Mellon Strategic Municipals during the fourth quarter worth approximately $26,000. Gilpin Wealth Management LLC acquired a new position in shares of BNY Mellon Strategic Municipals during the 4th quarter worth approximately $29,000. BOKF NA purchased a new position in shares of BNY Mellon Strategic Municipals during the 4th quarter valued at approximately $78,000. Evolve Private Wealth LLC acquired a new stake in BNY Mellon Strategic Municipals in the 4th quarter valued at $96,000. Finally, Summit Financial LLC acquired a new stake in BNY Mellon Strategic Municipals in the 4th quarter valued at $113,000.

BNY Mellon Strategic Municipals Trading Up 0.2%

NYSE:LEO opened at $6.25 on Friday. The stock has a 50 day moving average of $6.34 and a two-hundred day moving average of $6.36. BNY Mellon Strategic Municipals, Inc. has a 12 month low of $5.82 and a 12 month high of $6.55.

BNY Mellon Strategic Municipals (NYSE:LEO) last issued its quarterly earnings results on Friday, May 29th. The investment management company reported $0.08 EPS for the quarter. The firm had revenue of $7.57 million for the quarter.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%.

BNY Mellon Strategic Municipals Profile

BNY Mellon Strategic Municipals (NYSE: LEO) is a closed-end management investment company that seeks to deliver a high level of current income exempt from U.S. federal income tax. The fund primarily allocates its assets to investment-grade municipal securities, including bonds and other debt instruments issued by U.S. states, territories, municipalities and their authorities.

Beyond traditional investment-grade munis, the fund may also invest in below-investment-grade securities, variable?rate demand obligations, municipal derivatives and other income-producing instruments.