287,487 Shares in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new stake in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) during the fourth quarter, Holdings Channel reports. The firm acquired 287,487 shares of the investment management company’s stock, valued at approximately $1,736,000.

A number of other large investors have also recently bought and sold shares of LEO. Avior Wealth Management LLC grew its stake in BNY Mellon Strategic Municipals by 16.2% during the fourth quarter. Avior Wealth Management LLC now owns 18,389 shares of the investment management company’s stock worth $111,000 after buying an additional 2,559 shares during the last quarter. Capital Investment Advisors LLC raised its stake in shares of BNY Mellon Strategic Municipals by 0.6% during the fourth quarter. Capital Investment Advisors LLC now owns 471,361 shares of the investment management company’s stock worth $2,847,000 after buying an additional 2,632 shares during the last quarter. Melfa Wealth Management Inc. raised its position in shares of BNY Mellon Strategic Municipals by 5.2% during the 4th quarter. Melfa Wealth Management Inc. now owns 60,298 shares of the investment management company’s stock valued at $364,000 after acquiring an additional 3,000 shares during the last quarter. Wedbush Securities Inc. increased its holdings in BNY Mellon Strategic Municipals by 15.5% in the fourth quarter. Wedbush Securities Inc. now owns 22,389 shares of the investment management company’s stock valued at $135,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of BNY Mellon Strategic Municipals by 3.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 187,425 shares of the investment management company’s stock valued at $1,132,000 after acquiring an additional 7,085 shares during the period.

BNY Mellon Strategic Municipals Price Performance

Shares of NYSE LEO opened at $5.85 on Tuesday. The company’s fifty day moving average is $6.01 and its 200-day moving average is $6.14. BNY Mellon Strategic Municipals, Inc. has a twelve month low of $5.55 and a twelve month high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.019 per share. This represents a $0.23 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Wednesday, May 14th.

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.