Saba Closed-End Funds ETF (BATS:CEFS) Plans Monthly Dividend of $0.14

Saba Closed-End Funds ETF (BATS:CEFS) declared a monthly dividend on Tuesday, February 24th. Investors of record on Wednesday, February 25th will be given a dividend of 0.14 per share on Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Wednesday, February 25th.

Saba Closed-End Funds ETF Stock Up 0.4%

Shares of CEFS traded up $0.10 during trading on Wednesday, reaching $23.51. The company’s stock had a trading volume of 74,711 shares, compared to its average volume of 89,947. The company has a market cap of $312.62 million, a price-to-earnings ratio of 21.88 and a beta of 0.72. The company has a fifty day moving average of $23.15 and a two-hundred day moving average of $22.84. Saba Closed-End Funds ETF has a twelve month low of $18.59 and a twelve month high of $23.64.

Institutional Investors Weigh In On Saba Closed-End Funds ETF

A number of institutional investors have recently modified their holdings of the stock. Allworth Financial LP bought a new stake in Saba Closed-End Funds ETF in the second quarter valued at about $62,000. NBC Securities Inc. grew its position in shares of 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 in the last quarter. Anfield Capital Management LLC increased its holdings in shares of 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 during the last quarter. Encompass More Asset Management acquired a new stake in shares of Saba Closed-End Funds ETF during the 4th quarter valued at approximately $216,000. Finally, Closed End Fund Advisors Inc. bought a new position in Saba Closed-End Funds ETF during the fourth quarter worth $241,000.

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.