XML Financial LLC Acquires 33,720 Shares of Saba Closed-End Funds ETF (BATS:CEFS)

XML Financial LLC boosted its holdings in Saba Closed-End Funds ETF (BATS:CEFS) by 105.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,746 shares of the company’s stock after purchasing an additional 33,720 shares during the period. XML Financial LLC owned about 0.71% of Saba Closed-End Funds ETF worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CEFS. Amplius Wealth Advisors LLC raised its stake in shares of Saba Closed-End Funds ETF by 2.0% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 24,984 shares of the company’s stock worth $556,000 after purchasing an additional 478 shares in the last quarter. Future Financial Wealth Managment LLC lifted its stake in Saba Closed-End Funds ETF by 47.5% in the fourth quarter. Future Financial Wealth Managment LLC now owns 2,950 shares of the company’s stock valued at $63,000 after acquiring an additional 950 shares during the last quarter. NBC Securities Inc. grew its position in shares of Saba Closed-End Funds ETF by 62.4% in the 3rd quarter. NBC Securities Inc. now owns 3,827 shares of the company’s stock valued at $85,000 after acquiring an additional 1,470 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of Saba Closed-End Funds ETF during the 3rd quarter worth about $36,000. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of Saba Closed-End Funds ETF by 3.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 64,427 shares of the company’s stock valued at $1,427,000 after purchasing an additional 1,919 shares during the period.

Saba Closed-End Funds ETF Stock Performance

Saba Closed-End Funds ETF stock opened at $22.30 on Thursday. The stock has a 50-day simple moving average of $22.02 and a 200 day simple moving average of $21.85. The stock has a market capitalization of $206.28 million, a P/E ratio of 18.35 and a beta of 0.72. Saba Closed-End Funds ETF has a 52 week low of $19.83 and a 52 week high of $22.14.

Saba Closed-End Funds ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 30th were paid a dividend of $0.2197 per share. This is an increase from Saba Closed-End Funds ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, December 30th.

Saba Closed-End Funds ETF Profile

The Saba Closed-End Funds ETF (CEFS) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that seeks to generate high income by investing in closed-end funds trading at a discount to net asset value and hedging for duration risk.