Hennion & Walsh Asset Management Inc. Reduces Position in BNY Mellon Strategic Municipals, Inc. $LEO

Hennion & Walsh Asset Management Inc. trimmed its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 41.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 776,740 shares of the investment management company’s stock after selling 544,356 shares during the period. Hennion & Walsh Asset Management Inc. owned 1.22% of BNY Mellon Strategic Municipals worth $4,855,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LEO. CWM LLC grew its stake in BNY Mellon Strategic Municipals by 72.7% during the 3rd quarter. CWM LLC now owns 6,305 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 2,654 shares in the last quarter. Koshinski Asset Management Inc. acquired a new position in shares of BNY Mellon Strategic Municipals during the 2nd quarter worth approximately $86,000. Nomura Holdings Inc. acquired a new position in shares of BNY Mellon Strategic Municipals during the 2nd quarter worth approximately $118,000. Gridiron Partners LLC grew its position in shares of BNY Mellon Strategic Municipals by 394.1% in the third quarter. Gridiron Partners LLC now owns 1,994,982 shares of the investment management company’s stock valued at $125,000 after purchasing an additional 1,591,208 shares in the last quarter. Finally, Integrated Capital Management Inc. grew its position in shares of BNY Mellon Strategic Municipals by 18.1% in the second quarter. Integrated Capital Management Inc. now owns 43,305 shares of the investment management company’s stock valued at $256,000 after purchasing an additional 6,630 shares in the last quarter.

BNY Mellon Strategic Municipals Trading Up 0.2%

Shares of BNY Mellon Strategic Municipals stock opened at $6.39 on Wednesday. The business’s 50 day moving average price is $6.27 and its 200 day moving average price is $6.11. BNY Mellon Strategic Municipals, Inc. has a one year low of $5.55 and a one year high of $6.40.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.023 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, January 14th.

About BNY Mellon Strategic Municipals

BNY Mellon Strategic Municipals (NYSE: LEO) is a closed-end management investment company that seeks to deliver a high level of current income exempt from U.S. federal income tax. The fund primarily allocates its assets to investment-grade municipal securities, including bonds and other debt instruments issued by U.S. states, territories, municipalities and their authorities.

Beyond traditional investment-grade munis, the fund may also invest in below-investment-grade securities, variable‐rate demand obligations, municipal derivatives and other income-producing instruments.