BNY Mellon Strategic Municipal Bond Fund (NYSE:DSM) Major Shareholder Saba Capital Management, L.P. Buys 13,695 Shares of Company Stock

Posted by Alphonse Anthony on Oct 29th, 2026

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 13,695 shares of the business’s stock in a transaction dated Tuesday, October 27th. The shares were purchased at an average cost of $5.63 per share, for a total transaction of $77,102.85. Following the purchase, the insider directly owned 5,470,384 shares of the company’s stock, valued at $30,798,261.92. This trade represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 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 Monday, October 26th, Saba Capital Management, L.P. purchased 20,616 shares of BNY Mellon Strategic Municipal Bond Fund stock. The stock was purchased at an average price of $5.40 per share, for a total transaction of $111,326.40.
On Wednesday, October 21st, Saba Capital Management, L.P. acquired 20,575 shares of BNY Mellon Strategic Municipal Bond Fund stock. The stock was purchased at an average price of $5.32 per share, with a total value of $109,459.00.
On Tuesday, October 20th, Saba Capital Management, L.P. acquired 14,573 shares of BNY Mellon Strategic Municipal Bond Fund stock. The shares were purchased at an average cost of $5.32 per share, with a total value of $77,528.36.
On Monday, October 19th, Saba Capital Management, L.P. acquired 69,080 shares of BNY Mellon Strategic Municipal Bond Fund stock. The shares were purchased at an average cost of $5.29 per share, with a total value of $365,433.20.
On Friday, October 16th, Saba Capital Management, L.P. bought 138,642 shares of BNY Mellon Strategic Municipal Bond Fund stock. The shares were acquired at an average price of $5.27 per share, for a total transaction of $730,643.34.
On Thursday, October 15th, Saba Capital Management, L.P. bought 13,762 shares of BNY Mellon Strategic Municipal Bond Fund stock. The shares were acquired at an average price of $5.24 per share, for a total transaction of $72,112.88.

BNY Mellon Strategic Municipal Bond Fund Stock Down 1.1%

Shares of NYSE DSM opened at $5.43 on Thursday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 1 year low of $5.07 and a 1 year high of $6.30. The firm’s 50-day moving average is $5.45 and its 200-day moving average is $5.91.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 6.6%. The ex-dividend date is Wednesday, October 14th.

Institutional Trading of BNY Mellon Strategic Municipal Bond Fund

Institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC bought a new position in shares of BNY Mellon Strategic Municipal Bond Fund in the 3rd quarter worth $51,000. Integrated Capital Management Inc. increased its holdings in BNY Mellon Strategic Municipal Bond Fund by 10.6% in the third quarter. Integrated Capital Management Inc. now owns 30,740 shares of the investment management company’s stock valued at $160,000 after purchasing an additional 2,944 shares during the last quarter. Noble Wealth Management PBC increased its holdings in BNY Mellon Strategic Municipal Bond Fund by 10.6% in the third quarter. Noble Wealth Management PBC now owns 72,733 shares of the investment management company’s stock valued at $379,000 after purchasing an additional 7,000 shares during the last quarter. Robinson Capital Management LLC increased its holdings in BNY Mellon Strategic Municipal Bond Fund by 9.8% in the second quarter. Robinson Capital Management LLC now owns 467,193 shares of the investment management company’s stock valued at $2,878,000 after purchasing an additional 41,717 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new position in BNY Mellon Strategic Municipal Bond Fund in the second quarter valued at about $88,000.

BNY Mellon Strategic Municipal Bond Fund Company Profile

(Get Free Report)

BNY Mellon Strategic Municipal Bond Fund (NYSE:DSM) is a closed-end investment fund managed within BNY Mellon’s investment-management business. The fund is designed to provide investors with current income that is generally exempt from regular federal income tax.

The fund invests primarily in municipal bonds and other municipal obligations issued by states, cities, counties, public authorities and related entities across the United States. Its portfolio may include bonds financing public infrastructure and services such as schools, transportation systems, utilities and health-care facilities.

BNY Mellon Strategic Municipal Bond Fund is intended for investors seeking tax-advantaged income and exposure to the U.S.