Koshinski Asset Management Inc. Makes New $86,000 Investment in BNY Mellon Strategic Municipals, Inc. $LEO

Koshinski Asset Management Inc. purchased a new position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,516 shares of the investment management company’s stock, valued at approximately $86,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new position in BNY Mellon Strategic Municipals in the 1st quarter worth approximately $38,000. Confluence Wealth Services Inc. bought a new position in BNY Mellon Strategic Municipals in the 1st quarter worth approximately $72,000. Landscape Capital Management L.L.C. boosted its stake in BNY Mellon Strategic Municipals by 15.7% in the 1st quarter. Landscape Capital Management L.L.C. now owns 24,174 shares of the investment management company’s stock worth $148,000 after purchasing an additional 3,275 shares during the period. Avior Wealth Management LLC boosted its stake in BNY Mellon Strategic Municipals by 76.7% in the 1st quarter. Avior Wealth Management LLC now owns 32,493 shares of the investment management company’s stock worth $199,000 after purchasing an additional 14,104 shares during the period. Finally, Virtu Financial LLC boosted its stake in BNY Mellon Strategic Municipals by 90.0% in the 1st quarter. Virtu Financial LLC now owns 35,267 shares of the investment management company’s stock worth $216,000 after purchasing an additional 16,704 shares during the period.

BNY Mellon Strategic Municipals Stock Performance

LEO stock opened at $6.34 on Wednesday. BNY Mellon Strategic Municipals, Inc. has a 1-year low of $5.55 and a 1-year high of $6.48. The business has a 50 day simple moving average of $6.11 and a two-hundred day simple moving average of $5.93.

BNY Mellon Strategic Municipals Announces Dividend

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 issued a dividend of $0.023 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, October 14th.

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.