Cornerstone Advisory LLC Purchases 8,776 Shares of BNY Mellon Strategic Municipals, Inc. $LEO

Cornerstone Advisory LLC raised its position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 22.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,409 shares of the investment management company’s stock after acquiring an additional 8,776 shares during the period. Cornerstone Advisory LLC owned about 0.08% of BNY Mellon Strategic Municipals worth $287,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LEO. Sit Investment Associates Inc. increased its position in shares of BNY Mellon Strategic Municipals by 72.4% during the first quarter. Sit Investment Associates Inc. now owns 540,651 shares of the investment management company’s stock valued at $3,309,000 after purchasing an additional 227,008 shares during the period. City of London Investment Management Co. Ltd. increased its holdings in BNY Mellon Strategic Municipals by 45.3% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 340,306 shares of the investment management company’s stock valued at $2,083,000 after buying an additional 106,118 shares during the period. Advisors Asset Management Inc. raised its stake in shares of BNY Mellon Strategic Municipals by 40.8% in the 1st quarter. Advisors Asset Management Inc. now owns 337,786 shares of the investment management company’s stock valued at $2,067,000 after buying an additional 97,807 shares in the last quarter. Riverbridge Partners LLC lifted its holdings in shares of BNY Mellon Strategic Municipals by 4.2% during the 2nd quarter. Riverbridge Partners LLC now owns 222,727 shares of the investment management company’s stock worth $1,319,000 after acquiring an additional 9,060 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of BNY Mellon Strategic Municipals by 3.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 193,616 shares of the investment management company’s stock valued at $1,185,000 after acquiring an additional 6,191 shares in the last quarter.

BNY Mellon Strategic Municipals Price Performance

NYSE LEO opened at $6.33 on Friday. BNY Mellon Strategic Municipals, Inc. has a twelve month low of $5.55 and a twelve month high of $6.48. The company’s 50-day simple moving average is $6.13 and its 200 day simple moving average is $5.94.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 14th will be issued a $0.023 dividend. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

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.