Centaurus Financial Inc. Invests $591,000 in BNY Mellon Strategic Municipals, Inc. $LEO

Centaurus Financial Inc. purchased a new stake in shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 91,480 shares of the investment management company’s stock, valued at approximately $591,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Analysts LLC acquired a new stake in shares of BNY Mellon Strategic Municipals in the 4th quarter valued at $26,000. Gilpin Wealth Management LLC bought a new position in BNY Mellon Strategic Municipals in the fourth quarter valued at about $29,000. BOKF NA bought a new position in BNY Mellon Strategic Municipals in the fourth quarter valued at about $78,000. Evolve Private Wealth LLC acquired a new stake in BNY Mellon Strategic Municipals in the fourth quarter worth about $96,000. Finally, Summit Financial LLC acquired a new stake in BNY Mellon Strategic Municipals in the fourth quarter worth about $113,000.

BNY Mellon Strategic Municipals Price Performance

Shares of NYSE:LEO opened at $6.20 on Friday. BNY Mellon Strategic Municipals, Inc. has a 1-year low of $5.87 and a 1-year high of $6.55. The business has a 50-day moving average price of $6.30 and a two-hundred day moving average price of $6.34.

BNY Mellon Strategic Municipals (NYSE:LEO) last issued its earnings results on Friday, May 29th. The investment management company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $7.57 million during the quarter.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, August 13th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 5.8%.

BNY Mellon Strategic Municipals Profile

BNY Mellon Strategic Municipals (NYSE: LEO) is a closed-end management investment company that seeks to deliver a high level of current income exempt from U.S. federal income tax. The fund primarily allocates its assets to investment-grade municipal securities, including bonds and other debt instruments issued by U.S. states, territories, municipalities and their authorities.

Beyond traditional investment-grade munis, the fund may also invest in below-investment-grade securities, variable?rate demand obligations, municipal derivatives and other income-producing instruments.