BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 24.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,400 shares of the investment management company’s stock after selling 5,000 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in BNY Mellon Strategic Municipals were worth $101,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rothschild Investment LLC acquired a new position in shares of BNY Mellon Strategic Municipals in the 2nd quarter valued at $245,000. Blue Bell Private Wealth Management LLC raised its position in shares of BNY Mellon Strategic Municipals by 228.2% in the second quarter. Blue Bell Private Wealth Management LLC now owns 56,455 shares of the investment management company’s stock worth $346,000 after acquiring an additional 39,255 shares during the period. Almitas Capital LLC purchased a new stake in shares of BNY Mellon Strategic Municipals during the 2nd quarter worth about $351,000. Rivernorth Capital Management LLC grew its position in shares of BNY Mellon Strategic Municipals by 18.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,278,868 shares of the investment management company’s stock valued at $14,835,000 after acquiring an additional 360,045 shares during the period. Finally, Capital Investment Advisors LLC increased its stake in shares of BNY Mellon Strategic Municipals by 14.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 468,729 shares of the investment management company’s stock valued at $3,051,000 after purchasing an additional 59,316 shares in the last quarter.

BNY Mellon Strategic Municipals Trading Down 0.2 %

Shares of LEO stock opened at $6.01 on Monday. BNY Mellon Strategic Municipals, Inc. has a 12-month low of $5.76 and a 12-month high of $6.64. The business’s 50 day moving average is $6.31 and its two-hundred day moving average is $6.30.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.019 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.79%.

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.