Noble Wealth Management PBC Invests $599,000 in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Noble Wealth Management PBC purchased a new position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 99,196 shares of the investment management company’s stock, valued at approximately $599,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Rivernorth Capital Management LLC increased its holdings in shares of BNY Mellon Strategic Municipals by 25.7% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,411,067 shares of the investment management company’s stock worth $15,696,000 after buying an additional 492,244 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of BNY Mellon Strategic Municipals by 133.1% in the 3rd quarter. Pathstone Holdings LLC now owns 1,103,527 shares of the investment management company’s stock worth $7,185,000 after buying an additional 630,137 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of BNY Mellon Strategic Municipals by 6.0% in the 4th quarter. Van ECK Associates Corp now owns 532,276 shares of the investment management company’s stock worth $3,215,000 after buying an additional 30,072 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in shares of BNY Mellon Strategic Municipals by 0.6% in the 4th quarter. Capital Investment Advisors LLC now owns 471,361 shares of the investment management company’s stock worth $2,847,000 after buying an additional 2,632 shares during the last quarter. Finally, Ackerman Capital Advisors LLC increased its holdings in shares of BNY Mellon Strategic Municipals by 28.2% in the 4th quarter. Ackerman Capital Advisors LLC now owns 317,221 shares of the investment management company’s stock worth $1,916,000 after buying an additional 69,719 shares during the last quarter.

BNY Mellon Strategic Municipals Price Performance

Shares of NYSE:LEO opened at $6.31 on Friday. The company’s fifty day moving average price is $6.15 and its 200-day moving average price is $6.30. BNY Mellon Strategic Municipals, Inc. has a one year low of $5.79 and a one year high of $6.64.

BNY Mellon Strategic Municipals Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.019 per share. This represents a $0.23 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, March 14th.

About BNY Mellon Strategic Municipals

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.