BNY Mellon Strategic Municipals (NYSE:LEO) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.30 and traded as low as $5.99. BNY Mellon Strategic Municipals shares last traded at $6.01, with a volume of 255,295 shares trading hands.

BNY Mellon Strategic Municipals Stock Performance

The stock’s 50-day moving average price is $6.31 and its two-hundred day moving average price is $6.30.

BNY Mellon Strategic Municipals Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.019 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in BNY Mellon Strategic Municipals in the 2nd quarter valued at about $245,000. Blue Bell Private Wealth Management LLC increased its stake in shares of BNY Mellon Strategic Municipals by 228.2% in the second quarter. Blue Bell Private Wealth Management LLC now owns 56,455 shares of the investment management company’s stock worth $346,000 after purchasing an additional 39,255 shares in the last quarter. Almitas Capital LLC bought a new stake in shares of BNY Mellon Strategic Municipals in the second quarter valued at approximately $351,000. Rivernorth Capital Management LLC lifted its stake in shares of BNY Mellon Strategic Municipals by 18.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,278,868 shares of the investment management company’s stock valued at $14,835,000 after buying an additional 360,045 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its stake in shares of BNY Mellon Strategic Municipals by 14.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 468,729 shares of the investment management company’s stock valued at $3,051,000 after buying an additional 59,316 shares in the last quarter.

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.