Hennion & Walsh Asset Management Inc. Has $8.27 Million Holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Hennion & Walsh Asset Management Inc. grew its holdings in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 36.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,354,845 shares of the investment management company’s stock after purchasing an additional 358,813 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Strategic Municipals were worth $8,265,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LEO. Van ECK Associates Corp lifted its holdings in shares of BNY Mellon Strategic Municipals by 14.3% during the 4th quarter. Van ECK Associates Corp now owns 476,520 shares of the investment management company’s stock worth $2,792,000 after acquiring an additional 59,775 shares during the period. AQR Arbitrage LLC lifted its holdings in shares of BNY Mellon Strategic Municipals by 165.4% during the 3rd quarter. AQR Arbitrage LLC now owns 471,119 shares of the investment management company’s stock worth $2,511,000 after acquiring an additional 293,630 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of BNY Mellon Strategic Municipals by 3.8% during the 4th quarter. Capital Investment Advisors LLC now owns 408,076 shares of the investment management company’s stock worth $2,391,000 after acquiring an additional 14,916 shares during the period. Gridiron Partners LLC bought a new stake in shares of BNY Mellon Strategic Municipals during the 4th quarter worth approximately $2,354,000. Finally, Matisse Capital bought a new stake in shares of BNY Mellon Strategic Municipals during the 4th quarter worth approximately $1,549,000.

BNY Mellon Strategic Municipals Stock Performance

Shares of BNY Mellon Strategic Municipals stock traded up $0.04 on Friday, reaching $6.12. 428,429 shares of the stock were exchanged, compared to its average volume of 192,737. The firm’s 50 day moving average is $6.01 and its 200-day moving average is $5.97. BNY Mellon Strategic Municipals, Inc. has a one year low of $4.98 and a one year high of $6.29.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a dividend of $0.019 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Monday, July 15th.

About BNY Mellon Strategic Municipals

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.