BNY Mellon Strategic Municipals, Inc. $LEO Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. trimmed its stake in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 49.3% in the 4th quarter, HoldingsChannel reports. The firm owned 393,680 shares of the investment management company’s stock after selling 383,060 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Strategic Municipals were worth $2,504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in BNY Mellon Strategic Municipals in the 3rd quarter worth approximately $2,065,000. Advisors Asset Management Inc. raised its stake in BNY Mellon Strategic Municipals by 36.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 694,270 shares of the investment management company’s stock valued at $4,339,000 after purchasing an additional 186,196 shares during the period. Gridiron Partners LLC raised its stake in BNY Mellon Strategic Municipals by 394.1% during the 3rd quarter. Gridiron Partners LLC now owns 1,994,982 shares of the investment management company’s stock valued at $125,000 after purchasing an additional 1,591,208 shares during the period. Bulldog Investors LLP lifted its holdings in shares of BNY Mellon Strategic Municipals by 18.2% in the third quarter. Bulldog Investors LLP now owns 725,132 shares of the investment management company’s stock valued at $4,532,000 after purchasing an additional 111,628 shares in the last quarter. Finally, Riverbridge Partners LLC lifted its holdings in shares of BNY Mellon Strategic Municipals by 40.4% in the fourth quarter. Riverbridge Partners LLC now owns 321,817 shares of the investment management company’s stock valued at $2,047,000 after purchasing an additional 92,566 shares in the last quarter.

BNY Mellon Strategic Municipals Stock Performance

Shares of NYSE LEO opened at $6.28 on Wednesday. BNY Mellon Strategic Municipals, Inc. has a one year low of $5.55 and a one year high of $6.55. The business has a 50-day moving average price of $6.38 and a two-hundred day moving average price of $6.32.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 14th will be given a dividend of $0.026 per share. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, April 14th.

About BNY Mellon Strategic Municipals

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.