Centaurus Financial Inc. Sells 3,925 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Centaurus Financial Inc. lowered its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 137,020 shares of the investment management company’s stock after selling 3,925 shares during the quarter. Centaurus Financial Inc.’s holdings in BNY Mellon Strategic Municipals were worth $892,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC lifted its position in BNY Mellon Strategic Municipals by 127.0% in the 3rd quarter. Avior Wealth Management LLC now owns 15,830 shares of the investment management company’s stock valued at $103,000 after acquiring an additional 8,857 shares in the last quarter. Pathstone Holdings LLC lifted its holdings in shares of BNY Mellon Strategic Municipals by 133.1% in the third quarter. Pathstone Holdings LLC now owns 1,103,527 shares of the investment management company’s stock valued at $7,185,000 after purchasing an additional 630,137 shares in the last quarter. XML Financial LLC acquired a new position in shares of BNY Mellon Strategic Municipals during the third quarter worth about $67,000. Capital Investment Advisors LLC grew its holdings in shares of BNY Mellon Strategic Municipals by 14.5% during the third quarter. Capital Investment Advisors LLC now owns 468,729 shares of the investment management company’s stock worth $3,051,000 after buying an additional 59,316 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in BNY Mellon Strategic Municipals by 32.5% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,400 shares of the investment management company’s stock valued at $125,000 after buying an additional 5,000 shares during the last quarter.

BNY Mellon Strategic Municipals Stock Performance

NYSE LEO opened at $6.25 on Tuesday. BNY Mellon Strategic Municipals, Inc. has a 52 week low of $5.53 and a 52 week high of $6.64. The stock’s 50 day moving average price is $6.39 and its two-hundred day moving average price is $6.26.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.019 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, November 15th.

BNY Mellon Strategic Municipals 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.