Sit Investment Associates Inc. Acquires 288,207 Shares of BNY Mellon Strategic Municipals, Inc. $LEO

Posted by Brian Himes on Jun 20th, 2026

Sit Investment Associates Inc. raised its holdings in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO – Free Report) by 35.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,104,133 shares of the investment management company’s stock after buying an additional 288,207 shares during the quarter. Sit Investment Associates Inc. owned about 1.73% of BNY Mellon Strategic Municipals worth $7,022,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Capital Analysts LLC bought a new stake in shares of BNY Mellon Strategic Municipals during the 4th quarter valued at about $26,000. Gilpin Wealth Management LLC purchased a new position in shares of BNY Mellon Strategic Municipals during the fourth quarter worth about $29,000. Fort Point Capital Partners LLC bought a new position in shares of BNY Mellon Strategic Municipals in the third quarter worth approximately $68,000. BOKF NA bought a new position in shares of BNY Mellon Strategic Municipals in the fourth quarter worth approximately $78,000. Finally, Evolve Private Wealth LLC purchased a new stake in BNY Mellon Strategic Municipals in the fourth quarter valued at approximately $96,000.

BNY Mellon Strategic Municipals Trading Down 0.6%

Shares of BNY Mellon Strategic Municipals stock opened at $6.37 on Friday. BNY Mellon Strategic Municipals, Inc. has a 1 year low of $5.71 and a 1 year high of $6.55. The company has a 50 day simple moving average of $6.37 and a two-hundred day simple moving average of $6.36.

BNY Mellon Strategic Municipals (NYSE:LEO – Get Free Report) last released its quarterly earnings results on Friday, May 29th. The investment management company reported $0.08 EPS for the quarter. The company had revenue of $7.57 million during the quarter.

BNY Mellon Strategic Municipals Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be given a $0.03 dividend. This represents a c) annualized dividend and a yield of 5.6%. This is a boost from BNY Mellon Strategic Municipals’s previous monthly dividend of $0.03. The ex-dividend date is Thursday, June 11th.

BNY Mellon Strategic Municipals Profile

(Free Report)

BNY Mellon Strategic Municipals (NYSE: LEO) is a closed-end management investment company that seeks to deliver a high level of current income exempt from U.S. federal income tax. The fund primarily allocates its assets to investment-grade municipal securities, including bonds and other debt instruments issued by U.S. states, territories, municipalities and their authorities.

Beyond traditional investment-grade munis, the fund may also invest in below-investment-grade securities, variable‐rate demand obligations, municipal derivatives and other income-producing instruments.