Advisors Asset Management Inc. bought a new position in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 187,881 shares of the company's stock, valued at approximately $1,635,000. Advisors Asset Management Inc. owned about 0.58% of Saba Capital Income & Opportunities Fund II as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of SABA. K2 Principal Fund L.P. boosted its position in shares of Saba Capital Income & Opportunities Fund II by 15.0% during the fourth quarter. K2 Principal Fund L.P. now owns 23,000 shares of the company's stock worth $208,000 after buying an additional 3,000 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth $226,000. Shufro Rose & Co. LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth $122,000. Comprehensive Money Management Services LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth $1,001,000. Finally, Noble Wealth Management PBC boosted its position in shares of Saba Capital Income & Opportunities Fund II by 290.4% during the first quarter. Noble Wealth Management PBC now owns 65,009 shares of the company's stock worth $566,000 after buying an additional 48,359 shares during the period. 22.22% of the stock is currently owned by hedge funds and other institutional investors.
Saba Capital Income & Opportunities Fund II Trading Down 0.0%
Shares of SABA traded down $0.00 during midday trading on Friday, hitting $9.17. 20,600 shares of the stock were exchanged, compared to its average volume of 78,252. The stock has a fifty day simple moving average of $9.26 and a 200 day simple moving average of $8.90. Saba Capital Income & Opportunities Fund II has a 52-week low of $7.72 and a 52-week high of $9.46.
Saba Capital Income & Opportunities Fund II Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a $0.058 dividend. The ex-dividend date is Wednesday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.
About Saba Capital Income & Opportunities Fund II
(
Free Report)
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.
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