Rivernorth Capital Management LLC Purchases 360,045 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Rivernorth Capital Management LLC raised its position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 18.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,278,868 shares of the investment management company’s stock after purchasing an additional 360,045 shares during the quarter. Rivernorth Capital Management LLC’s holdings in BNY Mellon Strategic Municipals were worth $14,835,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. XML Financial LLC acquired a new stake in shares of BNY Mellon Strategic Municipals in the third quarter valued at about $67,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of BNY Mellon Strategic Municipals in the second quarter valued at about $90,000. WMG Financial Advisors LLC acquired a new stake in shares of BNY Mellon Strategic Municipals in the second quarter valued at about $96,000. Avior Wealth Management LLC increased its stake in shares of BNY Mellon Strategic Municipals by 127.0% in the third quarter. Avior Wealth Management LLC now owns 15,830 shares of the investment management company’s stock valued at $103,000 after buying an additional 8,857 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of BNY Mellon Strategic Municipals by 32.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 20,400 shares of the investment management company’s stock valued at $125,000 after buying an additional 5,000 shares during the period.

BNY Mellon Strategic Municipals Price Performance

Shares of LEO stock opened at $6.45 on Thursday. The stock has a 50-day moving average of $6.37 and a 200-day moving average of $6.28. BNY Mellon Strategic Municipals, Inc. has a 1-year low of $5.71 and a 1-year high of $6.64.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.019 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.23 annualized dividend and a dividend yield of 3.54%.

BNY Mellon Strategic Municipals 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.