BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) by 24.5% in the third quarter, Holdings Channel.com reports. The firm owned 15,400 shares of the investment management company’s stock after selling 5,000 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in BNY Mellon Strategic Municipals were worth $101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Rivernorth Capital Management LLC grew its holdings in BNY Mellon Strategic Municipals by 25.7% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,411,067 shares of the investment management company’s stock valued at $15,696,000 after buying an additional 492,244 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of BNY Mellon Strategic Municipals in the third quarter valued at about $85,000. HighTower Advisors LLC increased its position in BNY Mellon Strategic Municipals by 9.3% during the third quarter. HighTower Advisors LLC now owns 61,693 shares of the investment management company’s stock worth $398,000 after purchasing an additional 5,240 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in BNY Mellon Strategic Municipals by 30.4% during the third quarter. Rockefeller Capital Management L.P. now owns 141,159 shares of the investment management company’s stock worth $919,000 after purchasing an additional 32,916 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings 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 purchasing an additional 8,857 shares during the last quarter.

BNY Mellon Strategic Municipals Price Performance

BNY Mellon Strategic Municipals stock opened at $6.01 on Monday. The firm has a 50 day simple moving average of $6.31 and a 200-day simple moving average of $6.30. BNY Mellon Strategic Municipals, Inc. has a 1-year low of $5.76 and a 1-year high of $6.64.

BNY Mellon Strategic Municipals Dividend Announcement

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

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.