32,778 Shares in Saba Closed-End Funds ETF $CEFS Acquired by Fort Point Capital Partners LLC

Fort Point Capital Partners LLC purchased a new position in shares of Saba Closed-End Funds ETF (BATS:CEFS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 32,778 shares of the company’s stock, valued at approximately $760,000.

Other hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. lifted its holdings in Saba Closed-End Funds ETF by 14.6% during the 4th 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 raised its holdings 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 valued at $171,000 after acquiring an additional 1,806 shares in the last quarter. Encompass More Asset Management acquired a new position in Saba Closed-End Funds ETF in the 4th quarter valued at $216,000. Closed End Fund Advisors Inc. acquired a new position in Saba Closed-End Funds ETF in the 4th quarter valued at $241,000. Finally, Novem Group raised its holdings 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 valued at $281,000 after acquiring an additional 2,500 shares in the last quarter.

Saba Closed-End Funds ETF Price Performance

Shares of BATS CEFS opened at $25.46 on Friday. The stock has a market capitalization of $338.62 million, a PE ratio of 21.88 and a beta of 0.72. The business has a fifty day moving average price of $24.57 and a two-hundred day moving average price of $23.52. Saba Closed-End Funds ETF has a fifty-two week low of $21.85 and a fifty-two week high of $25.67.

Saba Closed-End Funds ETF Profile

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.