New England Private Wealth Advisors LLC Grows Holdings in Saba Closed-End Funds ETF $CEFS

New England Private Wealth Advisors LLC grew its holdings in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 382,742 shares of the company’s stock after buying an additional 24,412 shares during the quarter. New England Private Wealth Advisors LLC owned 2.88% of Saba Closed-End Funds ETF worth $8,818,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CEFS. NBC Securities Inc. lifted its stake in Saba Closed-End Funds ETF by 14.6% during the fourth quarter. NBC Securities Inc. now owns 6,440 shares of the company’s stock worth $148,000 after purchasing an additional 821 shares during the last quarter. Anfield Capital Management LLC lifted its stake in Saba Closed-End Funds ETF by 32.1% during the fourth quarter. Anfield Capital Management LLC now owns 7,429 shares of the company’s stock worth $171,000 after purchasing an additional 1,806 shares during the last quarter. Encompass More Asset Management bought a new position in Saba Closed-End Funds ETF during the fourth quarter worth $216,000. Novem Group lifted its stake in Saba Closed-End Funds ETF by 25.8% during the fourth quarter. Novem Group now owns 12,190 shares of the company’s stock worth $281,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Saba Closed-End Funds ETF by 29.5% during the third quarter. Private Advisor Group LLC now owns 13,395 shares of the company’s stock worth $305,000 after purchasing an additional 3,055 shares during the last quarter.

Saba Closed-End Funds ETF Price Performance

Shares of CEFS opened at $24.87 on Friday. The business’s fifty day moving average price is $23.72 and its 200 day moving average price is $23.23. Saba Closed-End Funds ETF has a 12-month low of $21.38 and a 12-month high of $25.56. The stock has a market capitalization of $330.77 million, a PE ratio of 21.88 and a beta of 0.72.

Saba Closed-End Funds ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, February 25th. This represents a c) annualized dividend and a yield of 6.8%.

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. CEFS was launched on Mar 21, 2017 and is managed by Saba.