BNY Mellon Strategic Municipals (NYSE:LEO) Major Shareholder Saba Capital Management, L.P. Purchases 322,858 Shares of Stock

Posted by Francis Steltz on Oct 20th, 2026

BNY Mellon Strategic Municipals, Inc. (NYSE:LEO – Get Free Report) major shareholder Saba Capital Management, L.P. bought 322,858 shares of the business’s stock in a transaction dated Friday, October 16th. The stock was acquired at an average cost of $5.65 per share, for a total transaction of $1,824,147.70. Following the purchase, the insider owned 6,413,388 shares in the company, valued at approximately $36,235,642.20. This trade represents a 5.30% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

On Monday, October 19th, Saba Capital Management, L.P. bought 15,246 shares of BNY Mellon Strategic Municipals stock. The shares were acquired at an average price of $5.67 per share, for a total transaction of $86,444.82.

BNY Mellon Strategic Municipals Stock Performance

Shares of NYSE:LEO traded up $0.04 during midday trading on Tuesday, hitting $5.71. 362,690 shares of the company’s stock traded hands, compared to its average volume of 214,177. The firm’s fifty day moving average price is $5.87 and its two-hundred day moving average price is $6.18. BNY Mellon Strategic Municipals, Inc. has a twelve month low of $5.41 and a twelve month high of $6.55.

BNY Mellon Strategic Municipals Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LEO. Altium Capital Management LLC boosted its position in shares of 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 worth $2,759,000 after buying an additional 176,624 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of BNY Mellon Strategic Municipals by 110.8% in 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 buying an additional 884,861 shares in the last quarter. Almitas Capital LLC acquired a new stake in shares of BNY Mellon Strategic Municipals in the second quarter valued at about $4,662,000. Capstone Investment Advisors LLC purchased a new stake in shares of BNY Mellon Strategic Municipals during the 2nd quarter valued at about $2,454,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of BNY Mellon Strategic Municipals during the 2nd quarter valued at about $591,000.

BNY Mellon Strategic Municipals Company Profile

(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.