Sit Investment Associates Inc. Has $3.79 Million Holdings in Dreyfus Strategic Muni. (NYSE:LEO)

Sit Investment Associates Inc. lowered its position in Dreyfus Strategic Muni. (NYSE:LEO) by 14.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 480,538 shares of the investment management company’s stock after selling 82,596 shares during the quarter. Sit Investment Associates Inc.’s holdings in Dreyfus Strategic Muni. were worth $3,791,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Wedbush Securities Inc. increased its stake in shares of Dreyfus Strategic Muni. by 11.1% in the first quarter. Wedbush Securities Inc. now owns 13,907 shares of the investment management company’s stock valued at $110,000 after purchasing an additional 1,394 shares during the period. Creative Planning increased its stake in shares of Dreyfus Strategic Muni. by 14.4% in the first quarter. Creative Planning now owns 12,413 shares of the investment management company’s stock valued at $98,000 after purchasing an additional 1,563 shares during the period. Geode Capital Management LLC increased its stake in shares of Dreyfus Strategic Muni. by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 39,420 shares of the investment management company’s stock valued at $283,000 after purchasing an additional 2,546 shares during the period. Two Sigma Securities LLC increased its stake in shares of Dreyfus Strategic Muni. by 23.9% during the fourth quarter. Two Sigma Securities LLC now owns 14,940 shares of the investment management company’s stock valued at $107,000 after acquiring an additional 2,878 shares during the period. Finally, ProVise Management Group LLC increased its stake in shares of Dreyfus Strategic Muni. by 2.6% during the first quarter. ProVise Management Group LLC now owns 128,411 shares of the investment management company’s stock valued at $1,013,000 after acquiring an additional 3,255 shares during the period. Institutional investors own 13.51% of the company’s stock.

Shares of NYSE LEO traded up $0.03 during mid-day trading on Friday, reaching $8.19. 49,171 shares of the company traded hands, compared to its average volume of 85,182. Dreyfus Strategic Muni. has a fifty-two week low of $7.01 and a fifty-two week high of $8.27.

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.13%.

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Dreyfus Strategic Muni. Company 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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