Northern Trust Corp grew its holdings in Dreyfus Strategic Muni. (NYSE:LEO) by 67.7% in the second quarter, Holdings Channel reports. The institutional investor owned 25,160 shares of the investment management company’s stock after acquiring an additional 10,160 shares during the quarter. Northern Trust Corp’s holdings in Dreyfus Strategic Muni. were worth $206,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of LEO. LPL Financial LLC increased its position in shares of Dreyfus Strategic Muni. by 186.1% in the second quarter. LPL Financial LLC now owns 137,928 shares of the investment management company’s stock valued at $1,127,000 after buying an additional 89,714 shares in the last quarter. Cornerstone Advisory LLC increased its position in shares of Dreyfus Strategic Muni. by 3.5% during the second quarter. Cornerstone Advisory LLC now owns 2,308,513 shares of the investment management company’s stock worth $18,861,000 after purchasing an additional 77,057 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV increased its position in shares of Dreyfus Strategic Muni. by 131.0% during the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 50,514 shares of the investment management company’s stock worth $413,000 after purchasing an additional 28,648 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Dreyfus Strategic Muni. during the second quarter worth approximately $163,000. Finally, Wells Fargo & Company MN increased its position in shares of Dreyfus Strategic Muni. by 15.5% during the second quarter. Wells Fargo & Company MN now owns 95,291 shares of the investment management company’s stock worth $779,000 after purchasing an additional 12,790 shares in the last quarter. Institutional investors and hedge funds own 11.35% of the company’s stock.

Shares of LEO traded up $0.01 during trading hours on Wednesday, hitting $8.46. 7,080 shares of the stock were exchanged, compared to its average volume of 105,504. Dreyfus Strategic Muni. has a 12-month low of $7.01 and a 12-month high of $8.75. The stock’s 50-day moving average price is $8.50 and its two-hundred day moving average price is $8.31.

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Friday, October 11th.

Dreyfus Strategic Muni. Profile

Dreyfus Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by The Dreyfus Corporation. 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.

Featured Article: Monthly Dividend Stocks

Want to see what other hedge funds are holding LEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dreyfus Strategic Muni. (NYSE:LEO).

Institutional Ownership by Quarter for Dreyfus Strategic Muni. (NYSE:LEO)

Receive News & Ratings for Dreyfus Strategic Muni. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dreyfus Strategic Muni. and related companies with MarketBeat.com's FREE daily email newsletter.