BNY Mellon Strategic Municipals (NYSE:LEO) Stock: Insider Saba Capital Management, L.P. Purchases 45,831 Shares

Posted by Stanley Muller on Oct 22nd, 2026

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO – Get Free Report) major shareholder Saba Capital Management, L.P. bought 45,831 shares of the stock in a transaction on Wednesday, October 21st. The stock was purchased at an average price of $5.73 per share, for a total transaction of $262,611.63. Following the completion of the purchase, the insider directly owned 6,482,189 shares in the company, valued at approximately $37,142,942.97. This represents a 0.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Tuesday, October 20th, Saba Capital Management, L.P. purchased 7,724 shares of BNY Mellon Strategic Municipals stock. The stock was purchased at an average cost of $5.72 per share, with a total value of $44,181.28.
On Monday, October 19th, Saba Capital Management, L.P. purchased 15,246 shares of BNY Mellon Strategic Municipals stock. The shares were purchased at an average price of $5.67 per share, with a total value of $86,444.82.
On Friday, October 16th, Saba Capital Management, L.P. purchased 322,858 shares of BNY Mellon Strategic Municipals stock. The stock was purchased at an average cost of $5.65 per share, for a total transaction of $1,824,147.70.

BNY Mellon Strategic Municipals Trading Up 0.4%

Shares of LEO stock traded up $0.03 on Thursday, reaching $5.71. The company’s stock had a trading volume of 172,787 shares, compared to its average volume of 214,189. BNY Mellon Strategic Municipals, Inc. has a 12-month low of $5.41 and a 12-month high of $6.55. The stock’s 50 day simple moving average is $5.85 and its 200-day simple moving average is $6.17.

BNY Mellon Strategic Municipals Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be paid a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Wednesday, October 14th.

Institutional Trading of BNY Mellon Strategic Municipals

Institutional investors and hedge funds have recently modified their holdings of the business. Altium Capital Management LLC raised its stake in BNY Mellon Strategic Municipals by 67.4% in the first quarter. Altium Capital Management LLC now owns 438,676 shares of the investment management company’s stock valued at $2,759,000 after purchasing an additional 176,624 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in BNY Mellon Strategic Municipals by 110.8% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,683,135 shares of the investment management company’s stock valued at $10,873,000 after purchasing an additional 884,861 shares during the last quarter. Almitas Capital LLC purchased a new position in BNY Mellon Strategic Municipals in the 2nd quarter worth approximately $4,662,000. Capstone Investment Advisors LLC purchased a new position in BNY Mellon Strategic Municipals in the 2nd quarter worth approximately $2,454,000. Finally, Centaurus Financial Inc. purchased a new position in BNY Mellon Strategic Municipals in the 2nd quarter worth approximately $591,000.

About BNY Mellon Strategic Municipals

(Get Free Report)

BNY Mellon Strategic Municipals, Inc (NYSE: LEO) is a closed-end management investment company that seeks to provide current income exempt from regular U.S. federal income tax. The fund invests primarily in municipal obligations issued by states, municipalities and other governmental entities.

Its portfolio may include a range of tax-exempt securities, such as general obligation bonds, revenue bonds and other municipal debt instruments. These securities can finance public services and infrastructure, including education, transportation, utilities and health care facilities.