Altium Capital Management LLC Acquires Shares of 262,052 BNY Mellon Strategic Municipals, Inc. $LEO

Altium Capital Management LLC bought a new position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) during the fourth quarter, Holdings Channel reports. The firm bought 262,052 shares of the investment management company’s stock, valued at approximately $1,667,000. BNY Mellon Strategic Municipals accounts for 6.6% of Altium Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Advisors Asset Management Inc. grew its position in BNY Mellon Strategic Municipals by 36.6% during the third quarter. Advisors Asset Management Inc. now owns 694,270 shares of the investment management company’s stock valued at $4,339,000 after buying an additional 186,196 shares during the period. Allspring Global Investments Holdings LLC grew its position in BNY Mellon Strategic Municipals by 47.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 487,296 shares of the investment management company’s stock valued at $3,099,000 after buying an additional 156,969 shares during the period. Bulldog Investors LLP grew its position in BNY Mellon Strategic Municipals by 18.2% during the third quarter. Bulldog Investors LLP now owns 725,132 shares of the investment management company’s stock valued at $4,532,000 after buying an additional 111,628 shares during the period. Riverbridge Partners LLC grew its position in BNY Mellon Strategic Municipals by 40.4% during the fourth quarter. Riverbridge Partners LLC now owns 321,817 shares of the investment management company’s stock valued at $2,047,000 after buying an additional 92,566 shares during the period. Finally, CWM LLC increased its stake in shares of BNY Mellon Strategic Municipals by 72.7% during the 3rd quarter. CWM LLC now owns 6,305 shares of the investment management company’s stock worth $39,000 after purchasing an additional 2,654 shares during the last quarter.

BNY Mellon Strategic Municipals Stock Performance

Shares of LEO stock opened at $6.27 on Thursday. The company has a 50 day moving average of $6.31 and a 200-day moving average of $6.34. BNY Mellon Strategic Municipals, Inc. has a 12-month low of $5.71 and a 12-month high of $6.55.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th will be paid a dividend of $0.026 per share. The ex-dividend date is Wednesday, May 13th. This represents a c) annualized dividend and a dividend yield of 5.0%.

About BNY Mellon Strategic Municipals

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.