BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its holdings in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 2.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,673 shares of the investment management company’s stock after selling 2,097 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in BNY Mellon Strategic Municipals were worth $902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE lifted its position in BNY Mellon Strategic Municipals by 290.5% during the second quarter. US Bancorp DE now owns 7,810 shares of the investment management company’s stock valued at $70,000 after purchasing an additional 5,810 shares during the period. XML Financial LLC acquired a new position in BNY Mellon Strategic Municipals during the third quarter valued at $87,000. Royal Bank of Canada raised its position in shares of BNY Mellon Strategic Municipals by 6.5% in the second quarter. Royal Bank of Canada now owns 19,214 shares of the investment management company’s stock worth $172,000 after acquiring an additional 1,177 shares during the period. Johnson Bixby & Associates LLC acquired a new position in shares of BNY Mellon Strategic Municipals in the third quarter worth about $173,000. Finally, Equitable Holdings Inc. raised its position in shares of BNY Mellon Strategic Municipals by 44.8% in the second quarter. Equitable Holdings Inc. now owns 39,452 shares of the investment management company’s stock worth $354,000 after acquiring an additional 12,200 shares during the period. Institutional investors own 11.61% of the company’s stock.

Shares of BNY Mellon Strategic Municipals stock opened at $8.17 on Friday. The firm has a 50-day simple moving average of $8.40 and a two-hundred day simple moving average of $8.80. BNY Mellon Strategic Municipals, Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $9.50.

The company also recently disclosed a monthly dividend, which will be paid on Monday, January 31st. Shareholders of record on Friday, January 14th will be given a $0.03 dividend. The ex-dividend date is Thursday, January 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.41%.

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.

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

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