Verdence Capital Advisors LLC Acquires New Holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Verdence Capital Advisors LLC bought a new position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,550 shares of the investment management company’s stock, valued at approximately $68,000.

A number of other institutional investors have also made changes to their positions in the stock. Phillips Financial Management LLC purchased a new stake in BNY Mellon Strategic Municipals during the 3rd quarter worth approximately $88,000. Almitas Capital LLC acquired a new stake in shares of BNY Mellon Strategic Municipals in the 3rd quarter valued at $125,000. Advisor Partners II LLC purchased a new stake in BNY Mellon Strategic Municipals during the 3rd quarter worth about $142,000. Kingswood Wealth Advisors LLC increased its holdings in shares of BNY Mellon Strategic Municipals by 112.8% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 25,530 shares of the investment management company’s stock valued at $150,000 after acquiring an additional 13,530 shares during the last quarter. Finally, Melfa Wealth Management LLC increased its holdings in shares of BNY Mellon Strategic Municipals by 21.7% in the 4th quarter. Melfa Wealth Management LLC now owns 60,371 shares of the investment management company’s stock valued at $354,000 after acquiring an additional 10,751 shares during the last quarter.

BNY Mellon Strategic Municipals Trading Up 0.6 %

LEO opened at $5.88 on Wednesday. BNY Mellon Strategic Municipals, Inc. has a one year low of $4.98 and a one year high of $6.38. The business’s 50-day simple moving average is $5.99 and its 200-day simple moving average is $5.78.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.019 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.88%.

BNY Mellon Strategic Municipals Company 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.