Bulldog Investors LLP Has $9.91 Million Stock Position in BNY Mellon Strategic Municipals, Inc. $LEO

Bulldog Investors LLP raised its position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,576,371 shares of the investment management company’s stock after buying an additional 95,859 shares during the period. BNY Mellon Strategic Municipals accounts for 2.2% of Bulldog Investors LLP’s investment portfolio, making the stock its 10th biggest holding. Bulldog Investors LLP owned 2.53% of BNY Mellon Strategic Municipals worth $9,915,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Invesco Ltd. purchased a new position in shares of BNY Mellon Strategic Municipals in the 2nd quarter worth approximately $561,000. Whitebox Advisors LLC increased its position in shares of BNY Mellon Strategic Municipals by 14.3% during the second quarter. Whitebox Advisors LLC now owns 305,421 shares of the investment management company’s stock valued at $1,808,000 after acquiring an additional 38,121 shares during the last quarter. Bank of America Corp DE increased its position in shares of BNY Mellon Strategic Municipals by 4.5% during the second 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 during the last quarter. Curi Capital LLC bought a new stake in BNY Mellon Strategic Municipals during the second quarter worth $740,000. Finally, Corient Private Wealth LLC lifted its holdings 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 worth $700,000 after acquiring an additional 6,499 shares during the period.

BNY Mellon Strategic Municipals Price Performance

LEO stock opened at $6.38 on Tuesday. The stock’s fifty day simple moving average is $6.39 and its two-hundred day simple moving average is $6.38. BNY Mellon Strategic Municipals, Inc. has a 1-year low of $5.71 and a 1-year high of $6.55.

BNY Mellon Strategic Municipals (NYSE:LEO) last announced its earnings results 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 for the quarter.

BNY Mellon Strategic Municipals Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 14th will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, July 14th. This represents a c) annualized dividend and a yield of 5.6%.

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.