BNY Mellon Strategic Municipals, Inc. $LEO Shares Acquired by Riverbridge Partners LLC

Riverbridge Partners LLC increased its position in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 40.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 321,817 shares of the investment management company’s stock after buying an additional 92,566 shares during the period. Riverbridge Partners LLC owned about 0.50% of BNY Mellon Strategic Municipals worth $2,047,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Gridiron Partners LLC lifted its stake in 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 worth $125,000 after acquiring an additional 1,591,208 shares during the last quarter. Pathstone Holdings LLC increased its position in shares of BNY Mellon Strategic Municipals by 23.2% in the 3rd quarter. Pathstone Holdings LLC now owns 3,839,659 shares of the investment management company’s stock valued at $23,998,000 after purchasing an additional 723,676 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of BNY Mellon Strategic Municipals in the 3rd quarter valued at approximately $2,065,000. Advisors Asset Management Inc. raised its holdings in shares of BNY Mellon Strategic Municipals by 36.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 694,270 shares of the investment management company’s stock valued at $4,339,000 after purchasing an additional 186,196 shares in the last quarter. Finally, Curi Capital LLC purchased a new stake in shares of BNY Mellon Strategic Municipals during the 2nd quarter worth $740,000.

BNY Mellon Strategic Municipals Trading Down 0.1%

Shares of LEO stock opened at $6.07 on Friday. The firm has a fifty day moving average price of $6.39 and a 200 day moving average price of $6.31. BNY Mellon Strategic Municipals, Inc. has a 12 month low of $5.55 and a 12 month high of $6.55.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.026 per share. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, March 12th.

BNY Mellon Strategic Municipals Profile

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.