LEO 10% Owner Saba Capital Management, L.P. Buys $72K of Stock
Key Points
- Saba Capital Management bought 12,583 shares of BNY Mellon Strategic Municipals, Inc. at an average price of $5.76, raising its ownership to 6,559,772 shares.
- The stock closed at $5.84 on October 26, 2026, and recently traded around $5.92, which is about 1.4% above its event-day close.
- Saba Capital Management's stake in BNY Mellon Strategic Municipals is now worth approximately $38.1 million.
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On October 26, 2026, Saba Capital Management, L.P. bought 12,583 shares of BNY Mellon Strategic Municipals, Inc. (LEO) for about $72,478. This transaction was reported in a Form 4 filing with the SEC. After this purchase, Saba Capital owns 6,559,772 shares of the company.
Saba Capital's recent buy increased its stake by about 0.19%. The firm has been active in the market, recently buying other shares as well. On October 23, 2026, it purchased 65,000 shares of BNY Mellon Strategic Municipals for around $369,200. This shows a consistent strategy of increasing their holdings in this fund.
LEO
BNY Mellon Strategic Municipals, Inc.
Other Institutional Activity in BNY Mellon Strategic Municipals
Saba Capital Management, L.P. also holds 6,076,820 shares of BNY Mellon Strategic Municipals, valued at about $35.9 million as of June 30, 2026. Other notable funds include Pathstone Holdings, LLC, which reduced its stake by 256,848 shares, bringing its total to 3,487,291 shares worth about $20.6 million. SIT Investment Associates Inc. increased its position by 376,483 shares, now holding 2,295,354 shares valued at about $13.6 million. RiverNorth Capital Management, LLC added 21,241 shares, totaling 2,006,388 shares worth around $11.9 million.
BNY Mellon Strategic Municipals, Inc. Stock Up 1.4%
The stock closed at $5.84 on October 26, 2026, and recently traded around $5.92 as of October 27, 2026. This recent price is about 1.4% above its closing price on the event date. The shares are currently above their 50-day moving average of $5.83 but below their 200-day average of $6.23, indicating some fluctuation in performance.
Recent Earnings
BNY Mellon Strategic Municipals reported trailing twelve-month revenue of approximately $30.1 million and earnings per share (EPS) of $0.21. The company has a net margin of 42% and a return on equity (ROE) of 3%. The next earnings report is scheduled for November 15, 2026.
Insider Buying and Selling at BNY Mellon Strategic Municipals, Inc.
Before this recent purchase, Saba Capital Management also bought 65,000 shares on October 23, 2026, at $5.68, totaling around $369,200. Earlier, on October 21, 2026, the firm acquired 45,831 shares at $5.73, valued at about $262,612. These transactions reflect Saba Capital's ongoing commitment to increasing its stake in the company.
About BNY Mellon Strategic Municipals
BNY Mellon Strategic Municipals, Inc. is a closed-end mutual fund that invests primarily in investment-grade municipal bonds. The income generated is exempt from federal income tax, making it an attractive option for investors seeking tax-efficient income. The fund is managed by BNY Mellon Investment Adviser, Inc. and is headquartered in New York, NY.
Bottom Line
Investors should watch for BNY Mellon Strategic Municipals' upcoming earnings report on November 15, 2026. Saba Capital Management continues to bolster its position in the fund, indicating confidence in its future performance.
Related Filing Alerts
Source: Saba Capital Management, L.P.'s Form 4 filing on $LEO (Oct 26, 2026). Written by software, not financial advice. How we make alerts