180 Wealth Advisors LLC Has $379,000 Position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

180 Wealth Advisors LLC lowered its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,743 shares of the investment management company’s stock after selling 5,494 shares during the period. 180 Wealth Advisors LLC’s holdings in BNY Mellon Strategic Municipals were worth $379,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. HighTower Advisors LLC boosted its stake in BNY Mellon Strategic Municipals by 9.3% in the third quarter. HighTower Advisors LLC now owns 61,693 shares of the investment management company’s stock valued at $398,000 after acquiring an additional 5,240 shares during the last quarter. Sanctuary Advisors LLC bought a new position in BNY Mellon Strategic Municipals in the third quarter valued at approximately $85,000. Almitas Capital LLC bought a new position in shares of BNY Mellon Strategic Municipals during the second quarter worth $351,000. Rivernorth Capital Management LLC boosted its position in shares of BNY Mellon Strategic Municipals by 18.8% during the third quarter. Rivernorth Capital Management LLC now owns 2,278,868 shares of the investment management company’s stock worth $14,835,000 after purchasing an additional 360,045 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its position in shares of BNY Mellon Strategic Municipals by 14.5% during the third quarter. Capital Investment Advisors LLC now owns 468,729 shares of the investment management company’s stock worth $3,051,000 after purchasing an additional 59,316 shares in the last quarter.

BNY Mellon Strategic Municipals Price Performance

Shares of NYSE LEO opened at $6.14 on Thursday. The company’s fifty day moving average is $6.21 and its 200-day moving average is $6.30. BNY Mellon Strategic Municipals, Inc. has a twelve month low of $5.76 and a twelve month high of $6.64.

BNY Mellon Strategic Municipals Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.019 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.71%.

BNY Mellon Strategic Municipals Company 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.