J.W. Cole Advisors Inc. Has $479,000 Stock Position in Saba Closed-End Funds ETF (BATS:CEFS)

J.W. Cole Advisors Inc. trimmed its position in Saba Closed-End Funds ETF (BATS:CEFS) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,346 shares of the company’s stock after selling 2,152 shares during the quarter. J.W. Cole Advisors Inc. owned approximately 0.24% of Saba Closed-End Funds ETF worth $479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CEFS. Farther Finance Advisors LLC acquired a new stake in Saba Closed-End Funds ETF in the third quarter worth about $36,000. Future Financial Wealth Managment LLC grew its position in shares of Saba Closed-End Funds ETF by 47.5% during the 4th quarter. Future Financial Wealth Managment LLC now owns 2,950 shares of the company’s stock worth $63,000 after buying an additional 950 shares during the period. Columbus Macro LLC acquired a new position in shares of Saba Closed-End Funds ETF during the 4th quarter worth about $197,000. Calton & Associates Inc. acquired a new position in shares of Saba Closed-End Funds ETF during the 3rd quarter worth about $201,000. Finally, Hilltop Holdings Inc. acquired a new position in shares of Saba Closed-End Funds ETF during the 3rd quarter worth about $205,000.

Saba Closed-End Funds ETF Trading Up 2.2 %

Saba Closed-End Funds ETF stock opened at $22.49 on Thursday. The business has a 50-day moving average of $22.04 and a 200-day moving average of $21.96. The firm has a market capitalization of $208.03 million, a P/E ratio of 18.35 and a beta of 0.72. Saba Closed-End Funds ETF has a 1 year low of $19.83 and a 1 year high of $22.14.

Saba Closed-End Funds ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were given a dividend of $0.2197 per share. This is a positive change 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.