Saba Closed-End Funds ETF $CEFS Stake Boosted by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC boosted its stake in Saba Closed-End Funds ETF (BATS:CEFS) by 6.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 382,742 shares of the company’s stock after purchasing an additional 24,412 shares during the period. New England Private Wealth Advisors LLC’s holdings in Saba Closed-End Funds ETF were worth $8,818,000 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. NBC Securities Inc. increased its position in Saba Closed-End Funds ETF by 14.6% in the fourth quarter. NBC Securities Inc. now owns 6,440 shares of the company’s stock worth $148,000 after buying an additional 821 shares during the period. Anfield Capital Management LLC increased its position in Saba Closed-End Funds ETF by 32.1% in the fourth quarter. Anfield Capital Management LLC now owns 7,429 shares of the company’s stock worth $171,000 after buying an additional 1,806 shares during the period. Encompass More Asset Management acquired a new stake in Saba Closed-End Funds ETF in the fourth quarter worth $216,000. Novem Group increased its position in Saba Closed-End Funds ETF by 25.8% in the fourth quarter. Novem Group now owns 12,190 shares of the company’s stock worth $281,000 after buying an additional 2,500 shares during the period. Finally, Private Advisor Group LLC increased its position in Saba Closed-End Funds ETF by 29.5% in the third quarter. Private Advisor Group LLC now owns 13,395 shares of the company’s stock worth $305,000 after buying an additional 3,055 shares during the period.

Saba Closed-End Funds ETF Price Performance

Shares of BATS CEFS opened at $24.87 on Friday. Saba Closed-End Funds ETF has a 1-year low of $21.38 and a 1-year high of $25.56. The business’s fifty day moving average price is $23.72 and its two-hundred day moving average price is $23.23. The firm has a market capitalization of $330.77 million, a PE ratio of 21.88 and a beta of 0.72.

Saba Closed-End Funds ETF Announces Dividend

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

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.