Oppenheimer & Co. Inc. Reduces Holdings in Saba Closed-End Funds ETF $CEFS

Oppenheimer & Co. Inc. lowered its position in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 35.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,824 shares of the company’s stock after selling 33,781 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.46% of Saba Closed-End Funds ETF worth $1,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Saba Closed-End Funds ETF by 310.5% in the first quarter. Royal Bank of Canada now owns 124,181 shares of the company’s stock valued at $2,649,000 after purchasing an additional 93,930 shares during the period. NewEdge Advisors LLC increased its position in shares of Saba Closed-End Funds ETF by 8.6% during the 1st quarter. NewEdge Advisors LLC now owns 25,306 shares of the company’s stock worth $540,000 after purchasing an additional 1,999 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Saba Closed-End Funds ETF by 49.0% during the 2nd quarter. Raymond James Financial Inc. now owns 263,270 shares of the company’s stock worth $5,855,000 after purchasing an additional 86,527 shares during the last quarter. Tidal Investments LLC purchased a new stake in Saba Closed-End Funds ETF in the 2nd quarter valued at about $481,000. Finally, Visionary Wealth Advisors raised its holdings in Saba Closed-End Funds ETF by 7.6% in the 2nd quarter. Visionary Wealth Advisors now owns 75,401 shares of the company’s stock valued at $1,677,000 after buying an additional 5,299 shares during the period.

Saba Closed-End Funds ETF Price Performance

BATS CEFS opened at $24.60 on Wednesday. The stock has a market capitalization of $327.18 million, a P/E ratio of 21.88 and a beta of 0.72. The firm’s 50-day moving average is $23.25 and its two-hundred day moving average is $23.05. Saba Closed-End Funds ETF has a 12 month low of $20.89 and a 12 month high of $24.78.

Saba Closed-End Funds ETF Announces Dividend

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

Saba Closed-End Funds ETF Company 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.