Saba Capital Income & Opportunities Fund II Announces Monthly Dividend of $0.06 (NYSE:SABA)

Saba Capital Income & Opportunities Fund II (NYSE:SABA) declared a monthly dividend on Monday, August 31st. Stockholders of record on Wednesday, September 9th will be paid a dividend of 0.058 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Wednesday, September 9th.

Saba Capital Income & Opportunities Fund II Trading Down 0.2%

Shares of NYSE:SABA traded down $0.02 during trading on Tuesday, reaching $8.25. 75,192 shares of the stock traded hands, compared to its average volume of 77,290. The stock has a 50-day moving average of $8.27 and a two-hundred day moving average of $8.29. Saba Capital Income & Opportunities Fund II has a 52-week low of $7.80 and a 52-week high of $9.36.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund II

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted 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 valued at $271,000 after buying an additional 3,118 shares during the period. Baird Financial Group Inc. grew its holdings in shares of Saba Capital Income & Opportunities Fund II by 101.2% in the second quarter. Baird Financial Group Inc. now owns 99,116 shares of the company’s stock worth $911,000 after acquiring an additional 49,852 shares during the period. Walleye Capital LLC grew its holdings in shares of Saba Capital Income & Opportunities Fund II by 6.2% in the second quarter. Walleye Capital LLC now owns 25,011 shares of the company’s stock worth $230,000 after acquiring an additional 1,468 shares during the period. Raymond James Financial Inc. increased its position in Saba Capital Income & Opportunities Fund II by 2.9% during the second quarter. Raymond James Financial Inc. now owns 71,402 shares of the company’s stock valued at $656,000 after acquiring an additional 1,997 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Saba Capital Income & Opportunities Fund II by 35.2% during the second quarter. Bank of America Corp DE now owns 20,549 shares of the company’s stock valued at $189,000 after acquiring an additional 5,348 shares during the last quarter. Hedge funds and other institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Company Profile

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.