LEO 10% Owner Saba Capital Management, L.P. Buys $263K of Stock

By TradeTexts Research Desk Oct 22, 2026, 6:01 PM EDT

BNY Mellon Strategic Municipals, Inc. (LEO) business photo

Key Points

Ten-percent owner Saba Capital Management, L.P. acquired 45,831 shares of BNY Mellon Strategic Municipals, Inc. on October 21, 2026, at a price of $5.73 per share.
After the trade, Saba Capital Management, L.P. indirectly holds 6,482,189 $LEO shares, up 0.71% from before the trade.
The closed-end fund recently traded around $5.68, down from its 52-week high of $6.55 while offering a dividend yield of 6.35%.
Saba Capital Management has continued an active streak of purchases in the fund leading up to this late-October transaction.

Since the trade, $LEO is up 0.3% to date (from the $5.68 close on Oct 21, 2026).

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Ten-percent owner Saba Capital Management, L.P. purchased 45,831 shares of BNY Mellon Strategic Municipals, Inc. on October 21, 2026. According to a Form 4 filing with the U.S. Securities and Exchange Commission, the shares were bought at a price of $5.73 per share for a total value of $262,611.63.

LEO BNY Mellon Strategic Municipals, Inc.

$5.70 -6.56% year to date

Daily close · Oct 22, 2026

Inside Saba Capital Management's LEO Trade

The transaction grew Saba Capital Management's holdings to 6,482,189 shares, representing a 0.71% increase in its stake. The stock closed at $5.68 on the day of the trade. This purchase follows several recent transactions by the 10% owner in the closed-end fund during October.

Other Institutional Activity in BNY Mellon Strategic Municipals, Inc.

Other major investors have adjusted their positions in the fund recently. Saba Capital Management held 6,076,820 shares worth about $34,637,872 as of June 30, 2026. Pathstone Holdings, LLC reduced its holdings by 256,848 shares, ending with 3,487,291 shares worth about $19,877,558. SIT Investment Associates Inc grew its holdings by 376,483 shares, ending with 2,295,354 shares worth about $13,083,517. RiverNorth Capital Management, LLC grew its holdings by 21,241 shares, ending with 2,006,388 shares worth about $11,436,411. Hennion & Walsh Asset Management, Inc. reduced its holdings by 27,266 shares, ending with 1,655,797 shares worth about $9,438,042.

BNY Mellon Strategic Municipals, Inc. Stock Up 0.2%

The stock recently traded around $5.68 as of October 22, 2026, which is equal to its close on the transaction date. The shares sit below the 50-day moving average of $5.88 and below the 200-day moving average of $6.25.

Recent Earnings

The fund reported trailing-twelve-month revenue of $30,120,212 and earnings per share of $0.20. It posted a net profit margin of 42.0% and a return on equity of 3.0%.

Dividend

The fund distributes an annual dividend rate of $0.36 per share, translating to a dividend yield of 6.35%. Its dividend payout ratio stands at 137.0%.

Insider Buying and Selling at BNY Mellon Strategic Municipals, Inc.

Earlier transactions from Saba Capital Management include a purchase of 15,246 shares on October 19, 2026, at an average price of $5.67 for a total value of $86,444.82. An additional purchase of 338,104 shares was reported on October 19, 2026, valued at $1,911,638. On October 20, 2026, the firm bought another 7,724 shares at an average price of $5.72 for a total value of $44,181.28, alongside a separate filing for 7,724 shares valued at $44,181.00.

About BNY Mellon Strategic Municipals, Inc.

BNY Mellon Strategic Municipals, Inc. operates as a closed-end fixed income mutual fund managed by BNY Mellon Investment Adviser, Inc. The fund focuses on investing in U.S. investment-grade municipal bonds, providing income designed to be exempt from federal income taxes through fundamental portfolio research.

Bottom Line

Investors tracking Saba Capital Management will monitor future Form 4 filings to see if the firm continues to expand its position in the fund. Market participants also keep an eye on broader fixed-income trends and municipal bond yields.