Saba Closed-End Funds ETF (BATS:CEFS) Position Trimmed by 3EDGE Asset Management LP

3EDGE Asset Management LP reduced its holdings in Saba Closed-End Funds ETF (BATS:CEFS) by 4.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 91,127 shares of the company’s stock after selling 4,000 shares during the period. 3EDGE Asset Management LP’s holdings in Saba Closed-End Funds ETF were worth $1,952,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fortress Wealth Management Inc. lifted its holdings in Saba Closed-End Funds ETF by 9.0% in the fourth quarter. Fortress Wealth Management Inc. now owns 371,478 shares of the company’s stock worth $7,957,000 after acquiring an additional 30,569 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in Saba Closed-End Funds ETF by 23.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 268,378 shares of the company’s stock worth $5,749,000 after buying an additional 50,961 shares during the last quarter. XML Financial LLC increased its position in Saba Closed-End Funds ETF by 105.3% in the fourth quarter. XML Financial LLC now owns 65,746 shares of the company’s stock worth $1,408,000 after buying an additional 33,720 shares during the period. Chicago Partners Investment Group LLC lifted its stake in Saba Closed-End Funds ETF by 3.1% in the third quarter. Chicago Partners Investment Group LLC now owns 64,427 shares of the company’s stock valued at $1,427,000 after buying an additional 1,919 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Saba Closed-End Funds ETF by 14.9% during the third quarter. Oppenheimer & Co. Inc. now owns 62,061 shares of the company’s stock valued at $1,381,000 after acquiring an additional 8,045 shares during the period.

Saba Closed-End Funds ETF Stock Up 2.0 %

CEFS stock opened at $22.45 on Wednesday. The stock has a market cap of $207.66 million, a PE ratio of 18.35 and a beta of 0.72. The firm’s 50-day simple moving average is $22.04 and its 200 day simple moving average is $21.95. Saba Closed-End Funds ETF has a fifty-two week low of $19.83 and a fifty-two week high of $22.14.

Saba Closed-End Funds ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were given a $0.2197 dividend. This is a boost from Saba Closed-End Funds ETF’s previous dividend of $0.14. The ex-dividend date 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.