Baird Financial Group Inc. Sells 22,633 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Baird Financial Group Inc. reduced its position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEOGet Rating) by 12.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 155,715 shares of the investment management company’s stock after selling 22,633 shares during the period. Baird Financial Group Inc.’s holdings in BNY Mellon Strategic Municipals were worth $1,025,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of LEO. GPS Wealth Strategies Group LLC bought a new stake in BNY Mellon Strategic Municipals in the second quarter valued at approximately $37,000. Steward Partners Investment Advisory LLC increased its holdings in shares of BNY Mellon Strategic Municipals by 164.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,677 shares of the investment management company’s stock worth $44,000 after acquiring an additional 4,150 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in BNY Mellon Strategic Municipals in the 2nd quarter valued at $45,000. Kestra Advisory Services LLC lifted its holdings in BNY Mellon Strategic Municipals by 62.7% during the 1st quarter. Kestra Advisory Services LLC now owns 16,631 shares of the investment management company’s stock valued at $120,000 after purchasing an additional 6,409 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. boosted its position in BNY Mellon Strategic Municipals by 188.3% during the first quarter. Concourse Financial Group Securities Inc. now owns 18,176 shares of the investment management company’s stock worth $131,000 after purchasing an additional 11,872 shares during the period. Institutional investors own 13.54% of the company’s stock.

BNY Mellon Strategic Municipals Stock Performance

NYSE:LEO opened at $6.12 on Friday. The firm’s fifty day moving average price is $6.12 and its two-hundred day moving average price is $6.53. BNY Mellon Strategic Municipals, Inc. has a one year low of $5.87 and a one year high of $8.53.

BNY Mellon Strategic Municipals Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid a $0.023 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $0.28 dividend on an annualized basis and a yield of 4.51%.

BNY Mellon Strategic Municipals Profile

(Get Rating)

BNY Mellon Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc 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 BNY Mellon Strategic Municipals (NYSE:LEO)

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