BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) is Logan Stone Capital LLC’s 8th Largest Position

Logan Stone Capital LLC increased its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,244,554 shares of the investment management company’s stock after acquiring an additional 7,130 shares during the period. BNY Mellon Strategic Municipals makes up about 2.5% of Logan Stone Capital LLC’s holdings, making the stock its 8th largest holding. Logan Stone Capital LLC’s holdings in BNY Mellon Strategic Municipals were worth $7,517,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Walleye Capital LLC acquired a new stake in BNY Mellon Strategic Municipals in the fourth quarter valued at $71,000. PNC Financial Services Group Inc. raised its stake in BNY Mellon Strategic Municipals by 1,100.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,003 shares of the investment management company’s stock valued at $72,000 after buying an additional 11,003 shares in the last quarter. Avior Wealth Management LLC raised its stake in BNY Mellon Strategic Municipals by 16.2% in the fourth quarter. Avior Wealth Management LLC now owns 18,389 shares of the investment management company’s stock valued at $111,000 after buying an additional 2,559 shares in the last quarter. Virtu Financial LLC acquired a new stake in BNY Mellon Strategic Municipals in the fourth quarter valued at $112,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in BNY Mellon Strategic Municipals in the fourth quarter valued at $126,000.

BNY Mellon Strategic Municipals Stock Performance

BNY Mellon Strategic Municipals stock opened at $5.95 on Monday. BNY Mellon Strategic Municipals, Inc. has a 1-year low of $5.55 and a 1-year high of $6.64. The stock’s fifty day moving average is $5.98 and its two-hundred day moving average is $6.13.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.019 per share. This represents a $0.23 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Wednesday, May 14th.

BNY Mellon Strategic Municipals Company Profile

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.