BNY Mellon Strategic Municipal Bond Fund (NYSE:DSM) Stock: Insider Saba Capital Management, L.P. Purchases 1,992 Shares

Posted by Caroline Horne on Oct 31st, 2026

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 1,992 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The stock was acquired at an average price of $5.43 per share, for a total transaction of $10,816.56. Following the completion of the purchase, the insider owned 5,472,376 shares of the company’s stock, valued at approximately $29,715,001.68. This represents a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% 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 Tuesday, October 27th, Saba Capital Management, L.P. acquired 13,695 shares of BNY Mellon Strategic Municipal Bond Fund stock. The shares were acquired at an average cost of $5.63 per share, for a total transaction of $77,102.85.
On Monday, October 26th, Saba Capital Management, L.P. acquired 20,616 shares of BNY Mellon Strategic Municipal Bond Fund stock. The stock was acquired at an average price of $5.40 per share, with a total value of $111,326.40.
On Wednesday, October 21st, Saba Capital Management, L.P. bought 20,575 shares of BNY Mellon Strategic Municipal Bond Fund stock. The stock was acquired at an average cost of $5.32 per share, with a total value of $109,459.00.
On Tuesday, October 20th, Saba Capital Management, L.P. bought 14,573 shares of BNY Mellon Strategic Municipal Bond Fund stock. The shares were bought at an average price of $5.32 per share, for a total transaction 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 shares were bought at an average price of $5.29 per share, for a total transaction of $365,433.20.
On Friday, October 16th, Saba Capital Management, L.P. purchased 138,642 shares of BNY Mellon Strategic Municipal Bond Fund stock. The shares were bought 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. purchased 13,762 shares of BNY Mellon Strategic Municipal Bond Fund stock. The stock was bought at an average price of $5.24 per share, with a total value of $72,112.88.

BNY Mellon Strategic Municipal Bond Fund Trading Down 0.2%

Shares of DSM opened at $5.54 on Friday. The company has a 50-day simple moving average of $5.44 and a 200-day simple moving average of $5.90. BNY Mellon Strategic Municipal Bond Fund, Inc. has a 52-week low of $5.07 and a 52-week high of $6.30.

BNY Mellon Strategic Municipal Bond Fund Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Integrated Capital Management Inc. grew its stake in shares of 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 buying an additional 2,944 shares in the last quarter. Noble Wealth Management PBC lifted its position in BNY Mellon Strategic Municipal Bond Fund by 7.2% during the 2nd quarter. Noble Wealth Management PBC now owns 65,733 shares of the investment management company’s stock worth $404,000 after acquiring an additional 4,400 shares in the last quarter. Van ECK Associates Corp lifted its position in BNY Mellon Strategic Municipal Bond Fund by 1.6% during the 2nd quarter. Van ECK Associates Corp now owns 423,652 shares of the investment management company’s stock worth $2,605,000 after acquiring an additional 6,849 shares in the last quarter. Root Financial Partners LLC acquired a new position in BNY Mellon Strategic Municipal Bond Fund during the 3rd quarter worth approximately $51,000. Finally, Ackerman Capital Advisors LLC boosted its holdings in BNY Mellon Strategic Municipal Bond Fund by 12.5% in the 3rd quarter. Ackerman Capital Advisors LLC now owns 103,029 shares of the investment management company’s stock worth $537,000 after acquiring an additional 11,431 shares during the period.

About BNY Mellon Strategic Municipal Bond Fund

(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.