Advisors Asset Management Inc. Invests $1.64 Million in Saba Capital Income & Opportunities Fund II $SABA

Key Points

• Advisors Asset Management Inc. has invested approximately $1.64 million in Saba Capital Income & Opportunities Fund II, acquiring 187,881 shares of its stock during the first quarter.
• Saba Capital Income & Opportunities Fund II recently declared a monthly dividend of $0.058, with a yield of 7.5%, scheduled to be paid on September 30th.
• As of the latest quarter, institutional investors collectively own 22.22% of Saba Capital Income & Opportunities Fund II's stock, indicating significant interest from funds in the company.

Advisors Asset Management Inc. bought a new position in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 187,881 shares of the company's stock, valued at approximately $1,635,000. Advisors Asset Management Inc. owned approximately 0.58% of Saba Capital Income & Opportunities Fund II at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of Saba Capital Income & Opportunities Fund II by 18.4% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,701,210 shares of the company's stock worth $14,801,000 after buying an additional 264,620 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 17.7% in the first quarter. Kovitz Investment Group Partners LLC now owns 891,607 shares of the company's stock valued at $7,846,000 after purchasing an additional 134,310 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 27.3% in the first quarter. Envestnet Asset Management Inc. now owns 889,377 shares of the company's stock valued at $7,738,000 after purchasing an additional 190,886 shares during the period. Scotia Capital Inc. lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 19.1% in the first quarter. Scotia Capital Inc. now owns 274,595 shares of the company's stock valued at $2,389,000 after purchasing an additional 44,116 shares during the period. Finally, Shaker Financial Services LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 41.0% in the first quarter. Shaker Financial Services LLC now owns 252,519 shares of the company's stock valued at $2,197,000 after purchasing an additional 73,410 shares during the period. 22.22% of the stock is owned by hedge funds and other institutional investors.

Saba Capital Income & Opportunities Fund II Stock Performance

Shares of NYSE SABA opened at $9.27 on Monday. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.72 and a 52 week high of $9.46. The firm has a 50-day moving average price of $9.26 and a 200 day moving average price of $8.90.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently declared 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 7.5%.

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.

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