Cambridge Investment Research Advisors Inc. lifted its stake in shares of Dreyfus Strategic Municipals, Inc. (NYSE:LEO) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,142 shares of the investment management company’s stock after purchasing an additional 49 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Dreyfus Strategic Municipals were worth $144,000 as of its most recent filing with the SEC.

Separately, Janney Montgomery Scott LLC raised its stake in Dreyfus Strategic Municipals by 5.2% during the second quarter. Janney Montgomery Scott LLC now owns 22,200 shares of the investment management company’s stock worth $198,000 after acquiring an additional 1,100 shares during the period. Hedge funds and other institutional investors own 7.35% of the company’s stock.

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Shares of Dreyfus Strategic Municipals, Inc. (NYSE:LEO) opened at 8.87 on Friday. The company’s 50-day moving average is $8.97 and its 200 day moving average is $8.84. Dreyfus Strategic Municipals, Inc. has a 1-year low of $8.17 and a 1-year high of $9.40.

The business also recently declared a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 14th will be given a $0.043 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $0.52 annualized dividend and a yield of 5.82%.

Dreyfus Strategic Municipals Company Profile

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.

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

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