Closed End Fund Advisors Inc. Invests $1.54 Million in Saba Capital Income & Opportunities Fund II $SABA

Closed End Fund Advisors Inc. bought a new position in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) during the 4th quarter, HoldingsChannel reports. The fund bought 186,283 shares of the company’s stock, valued at approximately $1,537,000.

Several other institutional investors and hedge funds have also made changes to their positions in SABA. Cetera Investment Advisers boosted its holdings in shares of Saba Capital Income & Opportunities Fund II by 11.8% during the 2nd quarter. Cetera Investment Advisers now owns 29,468 shares of the company’s stock worth $271,000 after purchasing an additional 3,118 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Saba Capital Income & Opportunities Fund II by 101.2% during the 2nd quarter. Baird Financial Group Inc. now owns 99,116 shares of the company’s stock worth $911,000 after purchasing an additional 49,852 shares during the last quarter. Walleye Capital LLC boosted its holdings in shares of Saba Capital Income & Opportunities Fund II by 6.2% during the 2nd quarter. Walleye Capital LLC now owns 25,011 shares of the company’s stock worth $230,000 after purchasing an additional 1,468 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Saba Capital Income & Opportunities Fund II by 2.9% during the 2nd quarter. Raymond James Financial Inc. now owns 71,402 shares of the company’s stock worth $656,000 after purchasing an additional 1,997 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Saba Capital Income & Opportunities Fund II by 35.2% during the 2nd quarter. Bank of America Corp DE now owns 20,549 shares of the company’s stock worth $189,000 after purchasing an additional 5,348 shares during the last quarter. 22.22% of the stock is currently owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Stock Performance

Shares of Saba Capital Income & Opportunities Fund II stock opened at $8.35 on Friday. The stock’s 50 day simple moving average is $8.43 and its 200-day simple moving average is $8.36. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.96 and a 1-year high of $9.46.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.058 per share. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Tuesday, June 9th.

About Saba Capital Income & Opportunities Fund II

Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.