BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Shares Acquired by Thomas J. Herzfeld Advisors Inc.

Thomas J. Herzfeld Advisors Inc. boosted its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 37.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 49,145 shares of the investment management company’s stock after buying an additional 13,356 shares during the quarter. Thomas J. Herzfeld Advisors Inc.’s holdings in BNY Mellon Strategic Municipals were worth $297,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC grew its holdings in BNY Mellon Strategic Municipals by 16.2% in the 4th quarter. Avior Wealth Management LLC now owns 18,389 shares of the investment management company’s stock valued at $111,000 after buying an additional 2,559 shares during the period. Capital Investment Advisors LLC boosted its position in shares of BNY Mellon Strategic Municipals by 0.6% in the fourth quarter. Capital Investment Advisors LLC now owns 471,361 shares of the investment management company’s stock worth $2,847,000 after acquiring an additional 2,632 shares during the last quarter. Melfa Wealth Management Inc. grew its holdings in BNY Mellon Strategic Municipals by 5.2% in the fourth quarter. Melfa Wealth Management Inc. now owns 60,298 shares of the investment management company’s stock valued at $364,000 after purchasing an additional 3,000 shares during the period. HighTower Advisors LLC increased its position in BNY Mellon Strategic Municipals by 9.3% during the third quarter. HighTower Advisors LLC now owns 61,693 shares of the investment management company’s stock worth $398,000 after purchasing an additional 5,240 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in BNY Mellon Strategic Municipals by 4.9% during the fourth quarter. Park Avenue Securities LLC now owns 168,143 shares of the investment management company’s stock worth $1,016,000 after purchasing an additional 7,899 shares during the period.

BNY Mellon Strategic Municipals Stock Performance

Shares of LEO opened at $6.12 on Tuesday. BNY Mellon Strategic Municipals, Inc. has a fifty-two week low of $5.79 and a fifty-two week high of $6.64. The company’s fifty day moving average is $6.19 and its two-hundred day moving average is $6.27.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be issued a $0.019 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Monday, April 14th.

BNY Mellon Strategic Municipals Profile

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.