Petersen Hastings Wealth Advisors Inc. Acquires Shares of 80,605 BNY Mellon Strategic Municipals, Inc. $LEO

Petersen Hastings Wealth Advisors Inc. bought a new position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) in the 4th quarter, HoldingsChannel reports. The fund bought 80,605 shares of the investment management company’s stock, valued at approximately $513,000.

Several other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in shares of BNY Mellon Strategic Municipals by 1.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 225,241 shares of the investment management company’s stock worth $1,408,000 after acquiring an additional 3,113 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of BNY Mellon Strategic Municipals by 5.8% in the 2nd quarter. Corient Private Wealth LLC now owns 118,305 shares of the investment management company’s stock worth $700,000 after acquiring an additional 6,499 shares in the last quarter. Bank of America Corp DE grew its position in shares of BNY Mellon Strategic Municipals by 4.5% in the 2nd quarter. Bank of America Corp DE now owns 204,596 shares of the investment management company’s stock worth $1,211,000 after acquiring an additional 8,810 shares in the last quarter. Fort Point Capital Partners LLC acquired a new position in shares of BNY Mellon Strategic Municipals in the 3rd quarter worth approximately $68,000. Finally, BOKF NA acquired a new position in shares of BNY Mellon Strategic Municipals in the 4th quarter worth approximately $78,000.

BNY Mellon Strategic Municipals Trading Up 0.6%

Shares of LEO opened at $6.39 on Friday. The stock has a 50 day moving average of $6.33 and a 200-day moving average of $6.35. BNY Mellon Strategic Municipals, Inc. has a 52 week low of $5.71 and a 52 week high of $6.55.

BNY Mellon Strategic Municipals (NYSE:LEO) last issued its earnings results on Friday, May 29th. The investment management company reported $0.08 EPS for the quarter. The firm had revenue of $7.57 million during the quarter.

BNY Mellon Strategic Municipals Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be given a $0.03 dividend. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Thursday, June 11th. This is a positive change from BNY Mellon Strategic Municipals’s previous monthly dividend of $0.03.

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.