Saba Closed-End Funds ETF $CEFS Shares Acquired by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC boosted its stake in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 6.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 382,742 shares of the company’s stock after purchasing an additional 24,412 shares during the quarter. New England Private Wealth Advisors LLC’s holdings in Saba Closed-End Funds ETF were worth $8,818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CEFS. Farther Finance Advisors LLC grew its position in Saba Closed-End Funds ETF by 9,861.0% during the fourth quarter. Farther Finance Advisors LLC now owns 316,162 shares of the company’s stock worth $7,284,000 after buying an additional 312,988 shares during the period. Columbus Macro LLC grew its position in Saba Closed-End Funds ETF by 3,216.5% during the fourth quarter. Columbus Macro LLC now owns 246,616 shares of the company’s stock worth $5,682,000 after buying an additional 239,180 shares during the period. Royal Bank of Canada grew its position in Saba Closed-End Funds ETF by 310.5% during the first quarter. Royal Bank of Canada now owns 124,181 shares of the company’s stock worth $2,649,000 after buying an additional 93,930 shares during the period. Raymond James Financial Inc. grew its position in Saba Closed-End Funds ETF by 49.0% during the second quarter. Raymond James Financial Inc. now owns 263,270 shares of the company’s stock worth $5,855,000 after buying an additional 86,527 shares during the period. Finally, AdvisorNet Financial Inc grew its position in Saba Closed-End Funds ETF by 42.0% during the fourth quarter. AdvisorNet Financial Inc now owns 275,727 shares of the company’s stock worth $6,353,000 after buying an additional 81,559 shares during the period.

Saba Closed-End Funds ETF Trading Up 0.6%

Shares of CEFS opened at $25.46 on Friday. The firm’s 50-day moving average is $24.57 and its two-hundred day moving average is $23.52. Saba Closed-End Funds ETF has a twelve month low of $21.85 and a twelve month high of $25.67. The firm has a market capitalization of $338.62 million, a P/E ratio of 21.88 and a beta of 0.72.

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.