XML Financial LLC Raises Stock Holdings in Saba Closed-End Funds ETF $CEFS

XML Financial LLC increased its position in Saba Closed-End Funds ETF (BATS:CEFS) by 27.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,327 shares of the company’s stock after acquiring an additional 41,446 shares during the period. XML Financial LLC’s holdings in Saba Closed-End Funds ETF were worth $4,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CEFS. NBC Securities Inc. raised its stake in Saba Closed-End Funds ETF by 14.6% in the 4th quarter. NBC Securities Inc. now owns 6,440 shares of the company’s stock worth $148,000 after acquiring an additional 821 shares during the last quarter. Anfield Capital Management LLC raised its stake in Saba Closed-End Funds ETF by 32.1% in the 4th quarter. Anfield Capital Management LLC now owns 7,429 shares of the company’s stock worth $171,000 after acquiring an additional 1,806 shares during the last quarter. Encompass More Asset Management purchased a new position in Saba Closed-End Funds ETF in the 4th quarter worth $216,000. Closed End Fund Advisors Inc. purchased a new position in Saba Closed-End Funds ETF in the 4th quarter worth $241,000. Finally, Novem Group raised its stake in Saba Closed-End Funds ETF by 25.8% in the 4th quarter. Novem Group now owns 12,190 shares of the company’s stock worth $281,000 after acquiring an additional 2,500 shares during the last quarter.

Saba Closed-End Funds ETF Price Performance

Shares of CEFS stock opened at $24.97 on Friday. The firm has a market capitalization of $332.10 million, a price-to-earnings ratio of 21.88 and a beta of 0.72. The business has a fifty day moving average of $24.29 and a 200 day moving average of $23.42. Saba Closed-End Funds ETF has a 1 year low of $21.85 and a 1 year high of $25.67.

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.