Envestnet Asset Management Inc. Has $1.14 Million Holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Envestnet Asset Management Inc. increased its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEOGet Rating) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,853 shares of the investment management company’s stock after acquiring an additional 3,222 shares during the period. Envestnet Asset Management Inc.’s holdings in BNY Mellon Strategic Municipals were worth $1,144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Baird Financial Group Inc. raised its holdings in shares of BNY Mellon Strategic Municipals by 1.7% in the 1st quarter. Baird Financial Group Inc. now owns 178,348 shares of the investment management company’s stock worth $1,282,000 after acquiring an additional 2,915 shares during the last quarter. Park Avenue Securities LLC grew its position in BNY Mellon Strategic Municipals by 3.1% in the 2nd quarter. Park Avenue Securities LLC now owns 163,158 shares of the investment management company’s stock worth $1,074,000 after purchasing an additional 4,969 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new stake in BNY Mellon Strategic Municipals in the 2nd quarter worth about $37,000. Kestra Advisory Services LLC grew its position in BNY Mellon Strategic Municipals by 62.7% in the 1st quarter. Kestra Advisory Services LLC now owns 16,631 shares of the investment management company’s stock worth $120,000 after purchasing an additional 6,409 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV bought a new stake in BNY Mellon Strategic Municipals in the 2nd quarter worth about $45,000. Institutional investors and hedge funds own 13.54% of the company’s stock.

BNY Mellon Strategic Municipals Stock Up 0.6 %

Shares of LEO stock opened at $6.23 on Thursday. BNY Mellon Strategic Municipals, Inc. has a 52-week low of $5.87 and a 52-week high of $8.53. The company has a 50-day simple moving average of $6.10 and a two-hundred day simple moving average of $6.51.

BNY Mellon Strategic Municipals Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be given a $0.023 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Monday, November 14th.

BNY Mellon Strategic Municipals Profile

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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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