Prevail Innovative Wealth Advisors LLC Acquires New Stake in Saba Capital Income & Opportunities Fund II (NYSEARCA:SABA)

Prevail Innovative Wealth Advisors LLC bought a new stake in Saba Capital Income & Opportunities Fund II (NYSEARCA:SABA) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 98,465 shares of the company’s stock, valued at approximately $768,000.

Several other institutional investors and hedge funds have also bought and sold shares of SABA. Fiera Capital Corp bought a new position in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter worth approximately $797,000. Choreo LLC bought a new stake in Saba Capital Income & Opportunities Fund II during the second quarter valued at approximately $701,000. Farther Finance Advisors LLC purchased a new stake in Saba Capital Income & Opportunities Fund II during the second quarter valued at approximately $521,000. Blue Bell Private Wealth Management LLC bought a new position in Saba Capital Income & Opportunities Fund II in the second quarter worth approximately $511,000. Finally, Avion Wealth purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter worth $338,000. 22.22% of the stock is owned by hedge funds and other institutional investors.

Saba Capital Income & Opportunities Fund II Stock Performance

NYSEARCA:SABA opened at $8.36 on Friday. Saba Capital Income & Opportunities Fund II has a one year low of $7.28 and a one year high of $8.65. The business has a fifty day moving average price of $8.24 and a 200-day moving average price of $7.82.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 8.33%. The ex-dividend date of this dividend is Tuesday, September 10th.

Saba Capital Income & Opportunities Fund II Profile

Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P.