Hennion & Walsh Asset Management Inc. Has $10.87 Million Position in BNY Mellon Strategic Municipals, Inc. $LEO

Hennion & Walsh Asset Management Inc. raised its position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 110.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,683,135 shares of the investment management company’s stock after purchasing an additional 884,861 shares during the period. Hennion & Walsh Asset Management Inc. owned approximately 2.70% of BNY Mellon Strategic Municipals worth $10,873,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of LEO. Saba Capital Management L.P. grew its holdings in shares of BNY Mellon Strategic Municipals by 6.6% in the 4th quarter. Saba Capital Management L.P. now owns 6,076,820 shares of the investment management company’s stock valued at $38,649,000 after buying an additional 378,001 shares during the period. Pathstone Holdings LLC raised its stake in BNY Mellon Strategic Municipals by 23.2% during the 3rd quarter. Pathstone Holdings LLC now owns 3,839,659 shares of the investment management company’s stock worth $23,998,000 after buying an additional 723,676 shares during the period. Rivernorth Capital Management LLC raised its stake in BNY Mellon Strategic Municipals by 5.8% during the 4th quarter. Rivernorth Capital Management LLC now owns 2,195,115 shares of the investment management company’s stock worth $13,961,000 after buying an additional 119,962 shares during the period. Bulldog Investors LLP lifted its holdings in BNY Mellon Strategic Municipals by 6.5% during the first quarter. Bulldog Investors LLP now owns 1,576,371 shares of the investment management company’s stock worth $9,915,000 after acquiring an additional 95,859 shares in the last quarter. Finally, Guggenheim Capital LLC grew its stake in BNY Mellon Strategic Municipals by 60.3% in the fourth quarter. Guggenheim Capital LLC now owns 1,545,694 shares of the investment management company’s stock valued at $9,831,000 after acquiring an additional 581,458 shares during the period.

BNY Mellon Strategic Municipals Price Performance

NYSE:LEO opened at $6.22 on Friday. BNY Mellon Strategic Municipals, Inc. has a 1 year low of $5.82 and a 1 year high of $6.55. The stock has a 50-day moving average price of $6.35 and a two-hundred day moving average price of $6.36.

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

BNY Mellon Strategic Municipals Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.03 per share. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Thursday, August 13th.

BNY Mellon Strategic Municipals Company 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.