1607 Capital Partners LLC Sells 30,929 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

1607 Capital Partners LLC lessened its holdings in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 13.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 206,145 shares of the investment management company’s stock after selling 30,929 shares during the period. 1607 Capital Partners LLC’s holdings in BNY Mellon Strategic Municipals were worth $1,245,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Guggenheim Capital LLC grew its stake in shares of BNY Mellon Strategic Municipals by 3.4% in the 4th quarter. Guggenheim Capital LLC now owns 821,060 shares of the investment management company’s stock worth $4,959,000 after buying an additional 27,217 shares during the last quarter. Walleye Capital LLC bought a new stake in BNY Mellon Strategic Municipals in the fourth quarter worth $71,000. Cohen & Steers Inc. grew its stake in shares of BNY Mellon Strategic Municipals by 60.6% in the fourth quarter. Cohen & Steers Inc. now owns 263,400 shares of the investment management company’s stock worth $1,591,000 after acquiring an additional 99,400 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of BNY Mellon Strategic Municipals during the fourth quarter valued at $920,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of BNY Mellon Strategic Municipals by 3.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 187,425 shares of the investment management company’s stock valued at $1,132,000 after acquiring an additional 7,085 shares in the last quarter.

BNY Mellon Strategic Municipals Trading Up 0.2 %

Shares of BNY Mellon Strategic Municipals stock opened at $5.80 on Thursday. BNY Mellon Strategic Municipals, Inc. has a 1 year low of $5.55 and a 1 year high of $6.64. The firm’s 50-day moving average is $6.12 and its 200 day moving average is $6.21.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be issued a $0.019 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.23 dividend on an annualized basis and a yield of 3.93%.

BNY Mellon Strategic Municipals 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.