180 Wealth Advisors LLC Buys Shares of 20,324 Dreyfus Strategic Muni. (NYSE:LEO)

180 Wealth Advisors LLC acquired a new position in Dreyfus Strategic Muni. (NYSE:LEO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 20,324 shares of the investment management company’s stock, valued at approximately $168,000.

Several other institutional investors have also bought and sold shares of the company. Lincoln National Corp bought a new position in Dreyfus Strategic Muni. during the second quarter valued at about $82,000. AE Wealth Management LLC bought a new stake in shares of Dreyfus Strategic Muni. in the 2nd quarter valued at $93,000. Fairhaven Wealth Management LLC boosted its stake in Dreyfus Strategic Muni. by 28.5% in the 2nd quarter. Fairhaven Wealth Management LLC now owns 18,591 shares of the investment management company’s stock worth $144,000 after purchasing an additional 4,128 shares during the period. Royal Bank of Canada boosted its stake in Dreyfus Strategic Muni. by 14.3% in the 1st quarter. Royal Bank of Canada now owns 21,937 shares of the investment management company’s stock worth $163,000 after purchasing an additional 2,737 shares during the period. Finally, Avantax Advisory Services Inc. acquired a new position in Dreyfus Strategic Muni. in the 3rd quarter worth $185,000. Institutional investors and hedge funds own 10.82% of the company’s stock.

Shares of Dreyfus Strategic Muni. stock traded down $0.05 during trading hours on Monday, reaching $8.08. 4,813 shares of the company’s stock were exchanged, compared to its average volume of 155,898. The company has a 50 day moving average of $8.25 and a two-hundred day moving average of $7.89. Dreyfus Strategic Muni. has a fifty-two week low of $5.83 and a fifty-two week high of $9.02.

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a $0.035 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.42 annualized dividend and a yield of 5.20%.

Dreyfus Strategic Muni. Profile

Dreyfus Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by The Dreyfus Corporation. 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.

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Institutional Ownership by Quarter for Dreyfus Strategic Muni. (NYSE:LEO)

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