Talon Private Wealth LLC Makes New $782,000 Investment in Saba Closed-End Funds ETF (BATS:CEFS)

Talon Private Wealth LLC bought a new stake in shares of Saba Closed-End Funds ETF (BATS:CEFS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 36,501 shares of the company’s stock, valued at approximately $782,000. Talon Private Wealth LLC owned about 0.39% of Saba Closed-End Funds ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CEFS. Stifel Financial Corp boosted its holdings in Saba Closed-End Funds ETF by 12.7% in the fourth quarter. Stifel Financial Corp now owns 11,411 shares of the company’s stock worth $244,000 after purchasing an additional 1,284 shares during the last quarter. Scotia Capital Inc. increased its position in shares of Saba Closed-End Funds ETF by 4.9% during the 4th quarter. Scotia Capital Inc. now owns 71,441 shares of the company’s stock valued at $1,530,000 after purchasing an additional 3,338 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Saba Closed-End Funds ETF in the 4th quarter worth approximately $3,214,000. Envestnet Asset Management Inc. boosted its holdings in shares of Saba Closed-End Funds ETF by 7.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 198,372 shares of the company’s stock worth $4,249,000 after buying an additional 13,372 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Saba Closed-End Funds ETF by 36.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,220 shares of the company’s stock valued at $48,000 after buying an additional 590 shares during the period.

Saba Closed-End Funds ETF Stock Performance

Shares of Saba Closed-End Funds ETF stock opened at $21.00 on Wednesday. The stock’s fifty day moving average is $21.12 and its 200 day moving average is $21.77. Saba Closed-End Funds ETF has a one year low of $18.59 and a one year high of $22.70. The stock has a market cap of $261.39 million, a P/E ratio of 22.06 and a beta of 0.71.

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.