Comprehensive Money Management Services LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 110,468 shares of the company's stock, valued at approximately $1,001,000. Comprehensive Money Management Services LLC owned approximately 0.34% of Saba Capital Income & Opportunities Fund II at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. K2 Principal Fund L.P. grew its holdings 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 in the last quarter. Independent Advisor Alliance grew its holdings in shares of Saba Capital Income & Opportunities Fund II by 9.1% during the fourth quarter. Independent Advisor Alliance now owns 81,650 shares of the company's stock worth $740,000 after buying an additional 6,825 shares in the last quarter. Shufro Rose & Co. LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the fourth quarter worth approximately $122,000. Janney Montgomery Scott LLC purchased a new stake in Saba Capital Income & Opportunities Fund II in the fourth quarter valued at approximately $131,000. Finally, Noble Wealth Management PBC purchased a new stake in Saba Capital Income & Opportunities Fund II in the fourth quarter valued at approximately $151,000. 22.22% of the stock is currently owned by hedge funds and other institutional investors.
Saba Capital Income & Opportunities Fund II Stock Performance
NYSE:SABA traded down $0.05 during trading hours on Friday, reaching $8.72. 30,473 shares of the company were exchanged, compared to its average volume of 88,903. The stock has a 50 day simple moving average of $8.51 and a 200 day simple moving average of $8.82. Saba Capital Income & Opportunities Fund II has a 52-week low of $7.50 and a 52-week high of $9.43.
Saba Capital Income & Opportunities Fund II Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were issued a dividend of $0.058 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.99%.
Saba Capital Income & Opportunities Fund II Profile
(
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.
Recommended Stories
Before you consider Saba Capital Income & Opportunities Fund II, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Saba Capital Income & Opportunities Fund II wasn't on the list.
While Saba Capital Income & Opportunities Fund II currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
