Capstone Investment Advisors LLC Takes Position in BNY Mellon Strategic Municipals, Inc. $LEO

Capstone Investment Advisors LLC acquired a new position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 187,555 shares of the investment management company’s stock, valued at approximately $1,153,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Almitas Capital LLC acquired a new position in BNY Mellon Strategic Municipals during the second quarter worth $530,000. Corient Private Wealth LP acquired a new stake in shares of BNY Mellon Strategic Municipals in the second quarter valued at $144,000. Palogic Value Management L.P. purchased a new stake in shares of BNY Mellon Strategic Municipals in the 2nd quarter valued at $444,000. Bank of America Corp DE acquired a new position in BNY Mellon Strategic Municipals during the 2nd quarter worth about $651,000. Finally, Evolve Private Wealth LLC acquired a new position in BNY Mellon Strategic Municipals during the 2nd quarter worth about $269,000.

BNY Mellon Strategic Municipals Stock Down 0.6%

NYSE LEO opened at $6.17 on Friday. The stock has a 50-day moving average of $6.30 and a two-hundred day moving average of $6.34. BNY Mellon Strategic Municipals, Inc. has a 1-year low of $5.83 and a 1-year high of $6.55.

BNY Mellon Strategic Municipals (NYSE:LEO) last announced its earnings results on Friday, May 29th. The investment management company reported $0.08 earnings per share for the quarter. The business had revenue of $7.57 million for the quarter.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, August 13th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%.

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.