Bulldog Investors LLP Raises Stake in BNY Mellon Strategic Municipals, Inc. $LEO

Bulldog Investors LLP increased its position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 18.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 725,132 shares of the investment management company’s stock after buying an additional 111,628 shares during the period. BNY Mellon Strategic Municipals comprises 1.1% of Bulldog Investors LLP’s portfolio, making the stock its 27th largest holding. Bulldog Investors LLP owned approximately 1.14% of BNY Mellon Strategic Municipals worth $4,532,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. CWM LLC raised its holdings in BNY Mellon Strategic Municipals by 72.7% in the 3rd quarter. CWM LLC now owns 6,305 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 2,654 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of BNY Mellon Strategic Municipals during the second quarter worth $118,000. Gridiron Partners LLC grew its position in shares of BNY Mellon Strategic Municipals by 394.1% in the third quarter. Gridiron Partners LLC now owns 1,994,982 shares of the investment management company’s stock valued at $125,000 after purchasing an additional 1,591,208 shares during the period. Lee Financial Co purchased a new stake in shares of BNY Mellon Strategic Municipals in the third quarter valued at $240,000. Finally, Daner Wealth Management LLC acquired a new position in BNY Mellon Strategic Municipals in the second quarter valued at $307,000.

BNY Mellon Strategic Municipals Trading Down 0.7%

NYSE LEO opened at $6.26 on Friday. The business’s 50-day moving average price is $6.43 and its 200 day moving average price is $6.30. BNY Mellon Strategic Municipals, Inc. has a twelve month low of $5.55 and a twelve month high of $6.55.

BNY Mellon Strategic Municipals Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.026 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

BNY Mellon Strategic Municipals Company Profile

BNY Mellon Strategic Municipals (NYSE: LEO) is a closed-end management investment company that seeks to deliver a high level of current income exempt from U.S. federal income tax. The fund primarily allocates its assets to investment-grade municipal securities, including bonds and other debt instruments issued by U.S. states, territories, municipalities and their authorities.

Beyond traditional investment-grade munis, the fund may also invest in below-investment-grade securities, variable‐rate demand obligations, municipal derivatives and other income-producing instruments.