Wedbush Securities Inc. cut its stake in shares of Dreyfus Strategic Muni. (NYSE:LEO) by 72.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,513 shares of the investment management company’s stock after selling 33,476 shares during the quarter. Wedbush Securities Inc.’s holdings in Dreyfus Strategic Muni. were worth $90,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capital Investment Advisors LLC boosted its stake in Dreyfus Strategic Muni. by 63.6% in the 4th quarter. Capital Investment Advisors LLC now owns 275,245 shares of the investment management company’s stock worth $1,976,000 after purchasing an additional 107,015 shares during the period. Bank of America Corp DE boosted its stake in Dreyfus Strategic Muni. by 24.4% in the 2nd quarter. Bank of America Corp DE now owns 111,384 shares of the investment management company’s stock worth $854,000 after purchasing an additional 21,857 shares during the period. Envestnet Asset Management Inc. bought a new position in Dreyfus Strategic Muni. in the 3rd quarter worth approximately $213,000. Cornerstone Advisory LLC boosted its stake in Dreyfus Strategic Muni. by 215.0% in the 3rd quarter. Cornerstone Advisory LLC now owns 1,244,437 shares of the investment management company’s stock worth $9,333,000 after purchasing an additional 849,430 shares during the period. Finally, City of London Investment Management Co. Ltd. bought a new position in Dreyfus Strategic Muni. in the 3rd quarter worth approximately $679,000. Institutional investors own 11.57% of the company’s stock.

LEO stock remained flat at $$7.75 during midday trading on Monday. The company’s stock had a trading volume of 15,350 shares, compared to its average volume of 143,788. Dreyfus Strategic Muni. has a 1-year low of $7.01 and a 1-year high of $7.89.

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Thursday, February 14th will be paid a $0.035 dividend. The ex-dividend date is Wednesday, February 13th. This represents a $0.42 annualized dividend and a yield of 5.42%.

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Dreyfus Strategic Muni. Profile

Dreyfus Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by The Dreyfus Corporation. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax.

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Institutional Ownership by Quarter for Dreyfus Strategic Muni. (NYSE:LEO)

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