Matisse Capital Has $1.67 Million Stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Matisse Capital grew its holdings in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 273,100 shares of the investment management company’s stock after purchasing an additional 3,100 shares during the period. Matisse Capital’s holdings in BNY Mellon Strategic Municipals were worth $1,671,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Integrated Capital Management Inc. grew its holdings in shares of BNY Mellon Strategic Municipals by 16.8% during the 2nd quarter. Integrated Capital Management Inc. now owns 32,710 shares of the investment management company’s stock valued at $200,000 after purchasing an additional 4,709 shares during the last quarter. Ackerman Capital Advisors LLC grew its stake in shares of BNY Mellon Strategic Municipals by 5.0% during the second quarter. Ackerman Capital Advisors LLC now owns 251,177 shares of the investment management company’s stock worth $1,537,000 after buying an additional 11,944 shares during the last quarter. WMG Financial Advisors LLC acquired a new position in shares of BNY Mellon Strategic Municipals during the second quarter worth $96,000. Blue Bell Private Wealth Management LLC bought a new position in shares of BNY Mellon Strategic Municipals in the 1st quarter valued at $105,000. Finally, Novak & Powell Financial Services Inc. acquired a new stake in shares of BNY Mellon Strategic Municipals during the 4th quarter valued at $145,000.

BNY Mellon Strategic Municipals Stock Performance

Shares of LEO stock remained flat at $6.32 during trading hours on Friday. 144,722 shares of the stock traded hands, compared to its average volume of 170,205. The firm has a 50 day moving average price of $6.24 and a 200 day moving average price of $6.08. BNY Mellon Strategic Municipals, Inc. has a 12-month low of $4.98 and a 12-month high of $6.45.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be issued a $0.019 dividend. This represents a $0.23 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Monday, September 16th.

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.