Raymond James Financial Services Advisors Inc. Sells 9,821 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Raymond James Financial Services Advisors Inc. trimmed its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 28.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 25,144 shares of the investment management company’s stock after selling 9,821 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BNY Mellon Strategic Municipals were worth $147,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC raised its holdings in BNY Mellon Strategic Municipals by 3.8% during the 4th quarter. Capital Investment Advisors LLC now owns 408,076 shares of the investment management company’s stock valued at $2,391,000 after buying an additional 14,916 shares during the last quarter. Almitas Capital LLC bought a new stake in BNY Mellon Strategic Municipals during the 3rd quarter valued at $125,000. AQR Arbitrage LLC raised its holdings in BNY Mellon Strategic Municipals by 165.4% during the 3rd quarter. AQR Arbitrage LLC now owns 471,119 shares of the investment management company’s stock valued at $2,511,000 after buying an additional 293,630 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in BNY Mellon Strategic Municipals during the 3rd quarter valued at $420,000. Finally, Phillips Financial Management LLC bought a new stake in BNY Mellon Strategic Municipals during the 3rd quarter valued at $88,000.

BNY Mellon Strategic Municipals Trading Down 1.2 %

NYSE:LEO opened at $5.84 on Friday. The company has a fifty day moving average of $5.99 and a 200 day moving average of $5.78. BNY Mellon Strategic Municipals, Inc. has a 52 week low of $4.98 and a 52 week high of $6.38.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th will be issued a $0.019 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.23 annualized dividend and a yield of 3.90%.

About BNY Mellon Strategic Municipals

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.