Proficio Capital Partners LLC Acquires 1,187,374 Shares of Saba Closed-End Funds ETF (BATS:CEFS)

Proficio Capital Partners LLC lifted its holdings in Saba Closed-End Funds ETF (BATS:CEFS) by 1,148.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,290,785 shares of the company’s stock after acquiring an additional 1,187,374 shares during the period. Proficio Capital Partners LLC owned 13.95% of Saba Closed-End Funds ETF worth $27,649,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC boosted its stake in Saba Closed-End Funds ETF by 47.5% during the fourth quarter. Future Financial Wealth Managment LLC now owns 2,950 shares of the company’s stock valued at $63,000 after buying an additional 950 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Saba Closed-End Funds ETF by 5.1% in the 4th quarter. Principal Securities Inc. now owns 32,186 shares of the company’s stock valued at $689,000 after purchasing an additional 1,575 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Saba Closed-End Funds ETF in the 3rd quarter valued at approximately $36,000. Chicago Partners Investment Group LLC lifted its stake 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 last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Saba Closed-End Funds ETF by 4.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 64,656 shares of the company’s stock valued at $1,385,000 after purchasing an additional 2,595 shares during the last quarter.

Saba Closed-End Funds ETF Price Performance

BATS:CEFS opened at $21.85 on Friday. The firm has a market capitalization of $251.28 million, a price-to-earnings ratio of 24.07 and a beta of 0.82. The business has a 50 day simple moving average of $22.04 and a 200-day simple moving average of $22.02. 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 business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were paid a $0.2197 dividend. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from Saba Closed-End Funds ETF’s previous dividend of $0.14.

About Saba Closed-End Funds ETF

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.