Capstone Investment Advisors LLC Acquires Shares of 379,865 BNY Mellon Strategic Municipals, Inc. $LEO

Capstone Investment Advisors LLC bought a new stake in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) during the second quarter, HoldingsChannel reports. The firm bought 379,865 shares of the investment management company’s stock, valued at approximately $2,454,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Almitas Capital LLC bought a new position in shares of BNY Mellon Strategic Municipals in the 2nd quarter worth about $530,000. Corient Private Wealth LP bought a new stake in BNY Mellon Strategic Municipals during the second quarter worth about $144,000. Palogic Value Management L.P. bought a new stake in BNY Mellon Strategic Municipals during the second quarter worth about $444,000. Bank of America Corp DE purchased a new stake in BNY Mellon Strategic Municipals in the second quarter worth about $651,000. Finally, Evolve Private Wealth LLC purchased a new stake in BNY Mellon Strategic Municipals in the second quarter worth about $269,000.

BNY Mellon Strategic Municipals Stock Down 0.6%

Shares of NYSE LEO opened at $6.17 on Friday. BNY Mellon Strategic Municipals, Inc. has a fifty-two week low of $5.83 and a fifty-two week high of $6.55. The company has a 50 day simple moving average of $6.30 and a two-hundred day simple moving average of $6.34.

BNY Mellon Strategic Municipals (NYSE:LEO) last issued its quarterly earnings results on Friday, May 29th. The investment management company reported $0.08 EPS for the quarter. The company had revenue of $7.57 million during the quarter.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, August 13th will be issued a $0.03 dividend. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Thursday, August 13th.

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.