Closed End Fund Advisors Inc. Purchases New Position in Saba Capital Income & Opportunities Fund II $SABA

Closed End Fund Advisors Inc. acquired a new position in Saba Capital Income & Opportunities Fund II (NYSE:SABA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 186,283 shares of the company’s stock, valued at approximately $1,537,000. Closed End Fund Advisors Inc. owned about 0.66% of Saba Capital Income & Opportunities Fund II at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Shrier Wealth Management LLC acquired a new stake in Saba Capital Income & Opportunities Fund II in the 4th quarter worth about $94,000. Farther Finance Advisors LLC boosted its holdings in Saba Capital Income & Opportunities Fund II by 45.3% in the 4th quarter. Farther Finance Advisors LLC now owns 12,035 shares of the company’s stock worth $99,000 after buying an additional 3,750 shares during the last quarter. Uhlmann Price Securities LLC acquired a new stake in Saba Capital Income & Opportunities Fund II in the 3rd quarter worth about $127,000. Capital Investment Advisors LLC acquired a new stake in Saba Capital Income & Opportunities Fund II in the 4th quarter worth about $119,000. Finally, Gilman Hill Asset Management LLC boosted its holdings in Saba Capital Income & Opportunities Fund II by 16.7% in the 4th quarter. Gilman Hill Asset Management LLC now owns 17,500 shares of the company’s stock worth $144,000 after buying an additional 2,500 shares during the last quarter. 22.22% of the stock is currently owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Trading Down 1.0%

SABA stock opened at $8.35 on Friday. Saba Capital Income & Opportunities Fund II has a 12-month low of $7.96 and a 12-month high of $9.46. The business’s 50-day moving average is $8.43 and its 200 day moving average is $8.36.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.058 dividend. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date is Tuesday, June 9th.

Saba Capital Income & Opportunities Fund II Profile

Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.