Centaurus Financial Inc. Invests $591,000 in BNY Mellon Strategic Municipals, Inc. $LEO

Centaurus Financial Inc. acquired a new stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 91,480 shares of the investment management company’s stock, valued at approximately $591,000. Centaurus Financial Inc. owned 0.15% of BNY Mellon Strategic Municipals at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LEO. Capital Analysts LLC acquired a new stake in BNY Mellon Strategic Municipals in the 4th quarter worth $26,000. Gilpin Wealth Management LLC bought a new stake in shares of BNY Mellon Strategic Municipals in the fourth quarter valued at about $29,000. LPL Financial LLC grew its position in BNY Mellon Strategic Municipals by 3.2% during the fourth quarter. LPL Financial LLC now owns 168,318 shares of the investment management company’s stock worth $1,071,000 after buying an additional 5,229 shares in the last quarter. Corient Private Wealth LLC increased its stake in BNY Mellon Strategic Municipals by 5.8% during the second quarter. Corient Private Wealth LLC now owns 118,305 shares of the investment management company’s stock valued at $700,000 after acquiring an additional 6,499 shares during the period. Finally, Bank of America Corp DE raised its holdings in BNY Mellon Strategic Municipals by 4.5% in the 2nd quarter. Bank of America Corp DE now owns 204,596 shares of the investment management company’s stock valued at $1,211,000 after acquiring an additional 8,810 shares in the last quarter.

BNY Mellon Strategic Municipals Stock Performance

Shares of NYSE LEO opened at $6.20 on Friday. BNY Mellon Strategic Municipals, Inc. has a one year low of $5.87 and a one year high of $6.55. The business has a fifty day simple moving average of $6.30 and a 200 day simple moving average of $6.34.

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

BNY Mellon Strategic Municipals Announces Dividend

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

BNY Mellon Strategic Municipals 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.