Saba Closed-End Funds ETF $CEFS Shares Sold by Osaic Holdings Inc.

Osaic Holdings Inc. trimmed its position in Saba Closed-End Funds ETF (BATS:CEFS) by 26.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,783 shares of the company’s stock after selling 24,729 shares during the period. Osaic Holdings Inc.’s holdings in Saba Closed-End Funds ETF were worth $1,530,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in shares of Saba Closed-End Funds ETF by 20.3% in the second quarter. Farther Finance Advisors LLC now owns 2,792 shares of the company’s stock worth $62,000 after acquiring an additional 471 shares during the last quarter. Allworth Financial LP purchased a new position in Saba Closed-End Funds ETF in the 2nd quarter valued at $62,000. Columbus Macro LLC boosted its stake in Saba Closed-End Funds ETF by 38.1% during the 2nd quarter. Columbus Macro LLC now owns 9,609 shares of the company’s stock worth $214,000 after purchasing an additional 2,652 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Saba Closed-End Funds ETF during the second quarter worth $249,000. Finally, StoneX Group Inc. raised its position in shares of Saba Closed-End Funds ETF by 55.1% in the second quarter. StoneX Group Inc. now owns 18,315 shares of the company’s stock valued at $407,000 after buying an additional 6,503 shares during the last quarter.

Saba Closed-End Funds ETF Trading Up 4.4%

BATS:CEFS opened at $22.97 on Wednesday. The company has a market cap of $305.43 million, a P/E ratio of 21.88 and a beta of 0.72. Saba Closed-End Funds ETF has a twelve month low of $18.59 and a twelve month high of $22.70. The company’s 50-day moving average price is $22.75 and its 200-day moving average price is $22.59.

Saba Closed-End Funds ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th will be given a $0.266 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. This is a boost from Saba Closed-End Funds ETF’s previous monthly dividend of $0.14. The ex-dividend date is Tuesday, December 30th.

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.