BNY Mellon Strategic Municipal Bond Fund (NYSE:DSM) Major Shareholder Saba Capital Management, L.P. Buys 1,992 Shares of Company Stock

Posted by Nicole Kennedy on Oct 30th, 2026

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 1,992 shares of the stock in a transaction dated Wednesday, October 28th. The shares were bought at an average price of $5.43 per share, with a total value of $10,816.56. Following the completion of the transaction, the insider directly owned 5,472,376 shares of the company’s stock, valued at $29,715,001.68. The trade was a 0.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

On Tuesday, October 27th, Saba Capital Management, L.P. bought 13,695 shares of BNY Mellon Strategic Municipal Bond Fund stock. The shares were purchased at an average cost of $5.63 per share, with a total value of $77,102.85.
On Monday, October 26th, Saba Capital Management, L.P. bought 20,616 shares of BNY Mellon Strategic Municipal Bond Fund stock. The shares were acquired at an average cost of $5.40 per share, with a total value 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 bought 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. purchased 14,573 shares of BNY Mellon Strategic Municipal Bond Fund stock. The stock was bought 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. bought 69,080 shares of BNY Mellon Strategic Municipal Bond Fund stock. The stock was 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 purchased at an average cost of $5.27 per share, for a total transaction of $730,643.34.
On Thursday, October 15th, Saba Capital Management, L.P. acquired 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 Up 2.0%

Shares of NYSE DSM opened at $5.54 on Friday. BNY Mellon Strategic Municipal Bond Fund, Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $6.30. The firm’s 50-day simple moving average is $5.44 and its 200 day simple moving average is $5.91.

BNY Mellon Strategic Municipal Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, November 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bulldog Investors LLP boosted its position in shares of BNY Mellon Strategic Municipal Bond Fund by 2.0% during the 1st quarter. Bulldog Investors LLP now owns 3,373,942 shares of the investment management company’s stock valued at $20,277,000 after acquiring an additional 65,851 shares during the last quarter. Rivernorth Capital Management LLC lifted its position in BNY Mellon Strategic Municipal Bond Fund by 15.7% during the second quarter. Rivernorth Capital Management LLC now owns 1,920,587 shares of the investment management company’s stock valued at $11,812,000 after purchasing an additional 260,230 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in BNY Mellon Strategic Municipal Bond Fund by 87.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,476,212 shares of the investment management company’s stock worth $9,079,000 after buying an additional 689,844 shares in the last quarter. Robinson Capital Management LLC grew its stake in BNY Mellon Strategic Municipal Bond Fund by 9.8% in the 2nd quarter. Robinson Capital Management LLC now owns 467,193 shares of the investment management company’s stock worth $2,878,000 after buying an additional 41,717 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of BNY Mellon Strategic Municipal Bond Fund by 1.6% in the 2nd quarter. Van ECK Associates Corp now owns 423,652 shares of the investment management company’s stock worth $2,605,000 after buying an additional 6,849 shares during the last quarter.

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.