Sunbelt Securities Inc. acquired a new stake in Dreyfus Strategic Muni. (NYSE:LEO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,000 shares of the investment management company’s stock, valued at approximately $112,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in shares of Dreyfus Strategic Muni. during the 2nd quarter worth about $65,000. Royal Bank of Canada lifted its position in Dreyfus Strategic Muni. by 30.6% during the second quarter. Royal Bank of Canada now owns 19,200 shares of the investment management company’s stock valued at $157,000 after buying an additional 4,500 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Dreyfus Strategic Muni. during the second quarter worth approximately $163,000. Northern Trust Corp grew its stake in Dreyfus Strategic Muni. by 67.7% during the second quarter. Northern Trust Corp now owns 25,160 shares of the investment management company’s stock worth $206,000 after buying an additional 10,160 shares during the period. Finally, Advisor Group Inc. grew its stake in Dreyfus Strategic Muni. by 7.9% during the second quarter. Advisor Group Inc. now owns 31,280 shares of the investment management company’s stock worth $256,000 after buying an additional 2,300 shares during the period. 11.51% of the stock is currently owned by institutional investors and hedge funds.

Dreyfus Strategic Muni. stock opened at $8.50 on Tuesday. The firm has a fifty day moving average of $8.50 and a 200-day moving average of $8.41. Dreyfus Strategic Muni. has a 52-week low of $7.07 and a 52-week high of $8.75.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.42 annualized dividend and a dividend yield of 4.94%.

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.

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

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