Rivernorth Capital Management LLC Sells 209,923 Shares of BNY Mellon Strategic Municipals, Inc. $LEO

Posted by George Bondi on Jul 29th, 2026

Rivernorth Capital Management LLC decreased its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO – Free Report) by 9.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,985,192 shares of the investment management company’s stock after selling 209,923 shares during the period. Rivernorth Capital Management LLC’s holdings in BNY Mellon Strategic Municipals were worth $12,487,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bulldog Investors LLP boosted its holdings in BNY Mellon Strategic Municipals by 6.5% in the 1st quarter. Bulldog Investors LLP now owns 1,576,371 shares of the investment management company’s stock worth $9,915,000 after buying an additional 95,859 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in BNY Mellon Strategic Municipals by 8.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 527,746 shares of the investment management company’s stock valued at $3,320,000 after acquiring an additional 40,450 shares during the period. Altium Capital Management LLC lifted its position in shares of BNY Mellon Strategic Municipals by 67.4% during the first quarter. Altium Capital Management LLC now owns 438,676 shares of the investment management company’s stock worth $2,759,000 after acquiring an additional 176,624 shares in the last quarter. Riverbridge Partners LLC boosted its holdings in shares of BNY Mellon Strategic Municipals by 11.3% in the first quarter. Riverbridge Partners LLC now owns 358,313 shares of the investment management company’s stock worth $2,254,000 after acquiring an additional 36,496 shares during the period. Finally, Evolve Private Wealth LLC boosted its holdings in shares of BNY Mellon Strategic Municipals by 74.2% in the first quarter. Evolve Private Wealth LLC now owns 26,178 shares of the investment management company’s stock worth $165,000 after acquiring an additional 11,150 shares during the period.

BNY Mellon Strategic Municipals Trading Down 0.7%

Shares of NYSE LEO opened at $6.20 on Wednesday. BNY Mellon Strategic Municipals, Inc. has a fifty-two week low of $5.78 and a fifty-two week high of $6.55. The stock has a fifty day moving average of $6.38 and a 200-day moving average of $6.38.

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

BNY Mellon Strategic Municipals Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be issued a $0.03 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, July 14th.

BNY Mellon Strategic Municipals Company 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.