WealthTrust Axiom LLC reduced its position in shares of Dreyfus Strategic Municipals, Inc. (NYSE:LEO) by 9.5% during the second quarter, Holdings Channel reports. The fund owned 42,689 shares of the investment management company’s stock after selling 4,475 shares during the period. WealthTrust Axiom LLC’s holdings in Dreyfus Strategic Municipals were worth $380,000 at the end of the most recent reporting period.

Separately, Janney Montgomery Scott LLC raised its stake in shares of Dreyfus Strategic Municipals by 5.2% in the second quarter. Janney Montgomery Scott LLC now owns 22,200 shares of the investment management company’s stock worth $198,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 7.31% of the company’s stock.

Shares of Dreyfus Strategic Municipals, Inc. (LEO) opened at 9.07 on Monday. Dreyfus Strategic Municipals, Inc. has a one year low of $8.17 and a one year high of $9.45. The stock has a 50 day moving average of $8.96 and a 200-day moving average of $8.76.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 11th will be given a dividend of $0.043 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.69%.

WARNING: “WealthTrust Axiom LLC Has $380,000 Position in Dreyfus Strategic Municipals, Inc. (NYSE:LEO)” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.dailypolitical.com/2017/08/07/wealthtrust-axiom-llc-has-380000-position-in-dreyfus-strategic-municipals-inc-nyseleo.html.

About Dreyfus Strategic Municipals

Dreyfus Strategic Municipals, Inc is a diversified closed-end management investment company. The Fund’s investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The Fund has Long-Term Municipal Investments in various states of the United States, such as Alabama, Alaska, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wyoming and the United States related.

Want to see what other hedge funds are holding LEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dreyfus Strategic Municipals, Inc. (NYSE:LEO).

Institutional Ownership by Quarter for Dreyfus Strategic Municipals (NYSE:LEO)

Receive News & Ratings for Dreyfus Strategic Municipals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dreyfus Strategic Municipals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.