BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Shares Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC raised its holdings in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 89.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 96,711 shares of the investment management company’s stock after buying an additional 45,783 shares during the quarter. Wolverine Asset Management LLC’s holdings in BNY Mellon Strategic Municipals were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in LEO. XML Financial LLC acquired a new position in shares of BNY Mellon Strategic Municipals in the 3rd quarter valued at $67,000. Sanctuary Advisors LLC purchased a new position in BNY Mellon Strategic Municipals in the third quarter valued at $85,000. Avior Wealth Management LLC raised its position 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 worth $103,000 after acquiring an additional 8,857 shares during the period. Compass Financial Services Inc purchased a new stake in shares of BNY Mellon Strategic Municipals during the 4th quarter worth about $176,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in BNY Mellon Strategic Municipals in the fourth quarter valued at approximately $203,000.

BNY Mellon Strategic Municipals Price Performance

LEO stock opened at $6.28 on Monday. BNY Mellon Strategic Municipals, Inc. has a 52 week low of $5.79 and a 52 week high of $6.64. The firm has a 50-day simple moving average of $6.14 and a 200-day simple moving average of $6.30.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.019 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.23 annualized dividend and a yield of 3.63%.

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.