Petersen Hastings Wealth Advisors Inc. Takes $513,000 Position in BNY Mellon Strategic Municipals, Inc. $LEO

Petersen Hastings Wealth Advisors Inc. bought a new stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 80,605 shares of the investment management company’s stock, valued at approximately $513,000. Petersen Hastings Wealth Advisors Inc. owned approximately 0.13% of BNY Mellon Strategic Municipals as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Advisors Asset Management Inc. grew its stake in shares of BNY Mellon Strategic Municipals by 36.6% in the third quarter. Advisors Asset Management Inc. now owns 694,270 shares of the investment management company’s stock valued at $4,339,000 after buying an additional 186,196 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of BNY Mellon Strategic Municipals by 47.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 487,296 shares of the investment management company’s stock valued at $3,099,000 after buying an additional 156,969 shares in the last quarter. Altium Capital Management LLC acquired a new stake in shares of BNY Mellon Strategic Municipals in the fourth quarter valued at about $1,667,000. Bulldog Investors LLP grew its stake in shares of BNY Mellon Strategic Municipals by 18.2% in the third quarter. Bulldog Investors LLP now owns 725,132 shares of the investment management company’s stock valued at $4,532,000 after buying an additional 111,628 shares in the last quarter. Finally, Riverbridge Partners LLC grew its stake in BNY Mellon Strategic Municipals by 40.4% during the 4th quarter. Riverbridge Partners LLC now owns 321,817 shares of the investment management company’s stock valued at $2,047,000 after purchasing an additional 92,566 shares in the last quarter.

BNY Mellon Strategic Municipals Stock Performance

Shares of NYSE LEO opened at $6.39 on Friday. BNY Mellon Strategic Municipals, Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $6.55. The business has a 50 day moving average price of $6.33 and a two-hundred day moving average price of $6.35.

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

BNY Mellon Strategic Municipals Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.03 per share. This is a boost from BNY Mellon Strategic Municipals’s previous monthly dividend of $0.03. The ex-dividend date is Thursday, June 11th. This represents a c) dividend on an annualized basis and a yield of 5.6%.

About BNY Mellon Strategic Municipals

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.