Capstone Investment Advisors LLC Buys New Shares in BNY Mellon Strategic Municipals, Inc. $LEO

Capstone Investment Advisors LLC purchased a new stake in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 379,865 shares of the investment management company’s stock, valued at approximately $2,454,000. Capstone Investment Advisors LLC owned approximately 0.61% of BNY Mellon Strategic Municipals as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Capital Analysts LLC purchased a new position in shares of BNY Mellon Strategic Municipals in the 4th quarter worth about $26,000. Gilpin Wealth Management LLC purchased a new position in shares of BNY Mellon Strategic Municipals during the 4th quarter valued at about $29,000. LPL Financial LLC raised its holdings in shares of BNY Mellon Strategic Municipals by 3.2% during the 4th quarter. LPL Financial LLC now owns 168,318 shares of the investment management company’s stock valued at $1,071,000 after buying an additional 5,229 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of BNY Mellon Strategic Municipals by 5.8% during the 2nd quarter. Corient Private Wealth LLC now owns 118,305 shares of the investment management company’s stock valued at $700,000 after buying an additional 6,499 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in BNY Mellon Strategic Municipals by 4.5% in the 2nd quarter. Bank of America Corp DE now owns 204,596 shares of the investment management company’s stock worth $1,211,000 after buying an additional 8,810 shares during the last quarter.

BNY Mellon Strategic Municipals Stock Down 0.6%

Shares of LEO opened at $6.17 on Friday. BNY Mellon Strategic Municipals, Inc. has a 1 year low of $5.83 and a 1 year high of $6.55. The stock has a 50 day simple moving average of $6.30 and a two-hundred day simple moving average of $6.34.

BNY Mellon Strategic Municipals (NYSE:LEO) last announced its quarterly earnings data on Friday, May 29th. The investment management company reported $0.08 earnings per share for the quarter. The business had revenue of $7.57 million during the quarter.

BNY Mellon Strategic Municipals Announces Dividend

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

BNY Mellon Strategic Municipals Company 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.