Compass Financial Services Inc Lowers Position in BNY Mellon Strategic Municipals, Inc. $LEO

Compass Financial Services Inc decreased its position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 38.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,096 shares of the investment management company’s stock after selling 11,277 shares during the quarter. Compass Financial Services Inc’s holdings in BNY Mellon Strategic Municipals were worth $107,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LEO. Koshinski Asset Management Inc. purchased a new stake in BNY Mellon Strategic Municipals during the second quarter worth $86,000. Landscape Capital Management L.L.C. raised its position in shares of BNY Mellon Strategic Municipals by 15.7% in the first quarter. Landscape Capital Management L.L.C. now owns 24,174 shares of the investment management company’s stock worth $148,000 after acquiring an additional 3,275 shares during the period. Virtu Financial LLC raised its position in shares of BNY Mellon Strategic Municipals by 90.0% in the first quarter. Virtu Financial LLC now owns 35,267 shares of the investment management company’s stock worth $216,000 after acquiring an additional 16,704 shares during the period. Integrated Capital Management Inc. boosted its stake in shares of BNY Mellon Strategic Municipals by 18.1% during the 2nd quarter. Integrated Capital Management Inc. now owns 43,305 shares of the investment management company’s stock worth $256,000 after acquiring an additional 6,630 shares in the last quarter. Finally, Cornerstone Advisory LLC grew its position in shares of BNY Mellon Strategic Municipals by 22.1% during the 2nd quarter. Cornerstone Advisory LLC now owns 48,409 shares of the investment management company’s stock valued at $287,000 after acquiring an additional 8,776 shares during the period.

BNY Mellon Strategic Municipals Stock Performance

Shares of BNY Mellon Strategic Municipals stock opened at $6.26 on Friday. BNY Mellon Strategic Municipals, Inc. has a twelve month low of $5.55 and a twelve month high of $6.48. The business has a 50-day moving average price of $6.25 and a 200 day moving average price of $6.00.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a $0.023 dividend. The ex-dividend date is Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

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.