Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Trading 0.3% Higher

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW)’s share price rose 0.3% on Friday . The company traded as high as $7.47 and last traded at $7.44. Approximately 74,343 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 170,464 shares. The stock had previously closed at $7.42.

Saba Capital Income & Opportunities Fund Trading Up 0.3 %

The stock has a fifty day moving average of $7.17 and a 200-day moving average of $7.23.

Saba Capital Income & Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 9th will be given a dividend of $0.085 per share. This represents a $1.02 dividend on an annualized basis and a yield of 13.71%. The ex-dividend date is Friday, August 9th.

Institutional Trading of Saba Capital Income & Opportunities Fund

Hedge funds have recently modified their holdings of the company. Larson Financial Group LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund in the 1st quarter valued at approximately $27,000. Sea Otter Advisors LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund during the 2nd quarter valued at approximately $35,000. J.W. Cole Advisors Inc. purchased a new position in shares of Saba Capital Income & Opportunities Fund during the 2nd quarter valued at approximately $124,000. Wedbush Securities Inc. purchased a new position in shares of Saba Capital Income & Opportunities Fund during the 2nd quarter valued at approximately $271,000. Finally, SeaCrest Wealth Management LLC lifted its position in shares of Saba Capital Income & Opportunities Fund by 5.7% during the 1st quarter. SeaCrest Wealth Management LLC now owns 40,375 shares of the company’s stock valued at $294,000 after buying an additional 2,160 shares in the last quarter.

About Saba Capital Income & Opportunities Fund

Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.