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Saba Capital Management, L.P., a ten percent owner of BNY Mellon (NYSE:BK) Strategic Municipal Bond Fund, Inc. (NYSE:DSM), reported purchasing 6,350 shares of common stock on June 26, 2025. The shares were bought at a price of $5.55, totaling approximately $35,242. The purchase price sits near the middle of DSM’s 52-week range of $5.28 to $6.38, with InvestingPro data showing the stock typically maintains low price volatility with a beta of 0.72.
Following the transaction, Saba Capital Management, L.P. directly owns 5,152,591 shares of BNY Mellon Strategic Municipal Bond Fund, Inc. The fund currently offers a 4.93% dividend yield and has demonstrated revenue growth of 8.9% over the last twelve months. For more detailed financial metrics and exclusive insights, check out InvestingPro, which features additional analysis and real-time data.
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