Ackerman Capital Advisors LLC Cuts Position in BNY Mellon Strategic Municipals, Inc. $LEO

Ackerman Capital Advisors LLC decreased its holdings in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 13.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 257,302 shares of the investment management company’s stock after selling 39,420 shares during the period. Ackerman Capital Advisors LLC’s holdings in BNY Mellon Strategic Municipals were worth $1,523,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in BNY Mellon Strategic Municipals in the first quarter valued at approximately $38,000. Confluence Wealth Services Inc. purchased a new stake in shares of BNY Mellon Strategic Municipals during the first quarter valued at approximately $72,000. Landscape Capital Management L.L.C. raised its stake in shares of BNY Mellon Strategic Municipals by 15.7% during the first quarter. Landscape Capital Management L.L.C. now owns 24,174 shares of the investment management company’s stock valued at $148,000 after purchasing an additional 3,275 shares during the period. Merit Financial Group LLC purchased a new stake in shares of BNY Mellon Strategic Municipals during the first quarter valued at approximately $160,000. Finally, Avior Wealth Management LLC raised its stake in shares of BNY Mellon Strategic Municipals by 76.7% during the first quarter. Avior Wealth Management LLC now owns 32,493 shares of the investment management company’s stock valued at $199,000 after purchasing an additional 14,104 shares during the period.

BNY Mellon Strategic Municipals Trading Up 0.3%

LEO opened at $6.27 on Friday. The firm’s 50 day moving average is $6.06 and its 200-day moving average is $5.93. BNY Mellon Strategic Municipals, Inc. has a 52-week low of $5.55 and a 52-week high of $6.53.

BNY Mellon Strategic Municipals Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 14th will be paid a dividend of $0.023 per share. The ex-dividend date is Tuesday, October 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

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.