Melfa Wealth Management Inc. Raises Stock Position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Melfa Wealth Management Inc. boosted its position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 60,298 shares of the investment management company’s stock after purchasing an additional 3,000 shares during the quarter. Melfa Wealth Management Inc.’s holdings in BNY Mellon Strategic Municipals were worth $364,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LEO. XML Financial LLC purchased a new stake in shares of BNY Mellon Strategic Municipals in the 3rd quarter valued at about $67,000. Sanctuary Advisors LLC bought a new position in shares of BNY Mellon Strategic Municipals in the third quarter worth approximately $85,000. Mercer Global Advisors Inc. ADV purchased a new stake in BNY Mellon Strategic Municipals in the second quarter valued at approximately $90,000. Avior Wealth Management LLC lifted its position in BNY Mellon Strategic Municipals by 127.0% during the third quarter. Avior Wealth Management LLC now owns 15,830 shares of the investment management company’s stock valued at $103,000 after purchasing an additional 8,857 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in BNY Mellon Strategic Municipals by 32.5% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,400 shares of the investment management company’s stock worth $125,000 after buying an additional 5,000 shares in the last quarter.

BNY Mellon Strategic Municipals Price Performance

Shares of NYSE:LEO opened at $6.19 on Wednesday. The company’s fifty day moving average price is $6.20 and its 200-day moving average price is $6.30. BNY Mellon Strategic Municipals, Inc. has a one year low of $5.79 and a one year high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.019 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.23 dividend on an annualized basis and a yield of 3.69%.

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.