Doliver Advisors LP Acquires Shares of 140,000 Saba Capital Income & Opportunities Fund II $SABA

Key Points

• Doliver Advisors LP acquired 140,000 shares of Saba Capital Income & Opportunities Fund II in the second quarter, worth approximately $1.17 million and representing about 0.50% of the fund.
• Institutional investors own 22.22% of SABA, with several firms—including Royal Bank of Canada and Farther Finance Advisors—recently increasing their positions.
• SABA shares opened at $8.31, near their 50-day and 200-day moving averages, while the fund announced a monthly dividend of $0.058 per share, implying an annualized yield of approximately 8.4%.

Doliver Advisors LP acquired a new stake in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 140,000 shares of the company's stock, valued at approximately $1,169,000. Doliver Advisors LP owned approximately 0.50% of Saba Capital Income & Opportunities Fund II as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in Saba Capital Income & Opportunities Fund II by 45.3% in the fourth quarter. Farther Finance Advisors LLC now owns 12,035 shares of the company's stock worth $99,000 after purchasing an additional 3,750 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter worth $116,000. Bank of America Corp DE grew its stake in shares of Saba Capital Income & Opportunities Fund II by 35.2% in the 2nd quarter. Bank of America Corp DE now owns 20,549 shares of the company's stock worth $189,000 after buying an additional 5,348 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 227.5% in the 1st quarter. Royal Bank of Canada now owns 22,768 shares of the company's stock worth $189,000 after buying an additional 15,815 shares during the last quarter. Finally, Walleye Capital LLC increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 6.2% in the 2nd quarter. Walleye Capital LLC now owns 25,011 shares of the company's stock worth $230,000 after buying an additional 1,468 shares during the last quarter. 22.22% of the stock is owned by institutional investors.

Saba Capital Income & Opportunities Fund II Stock Performance

Shares of NYSE SABA opened at $8.31 on Wednesday. Saba Capital Income & Opportunities Fund II has a 12-month low of $7.96 and a 12-month high of $9.38. The firm's 50-day moving average price is $8.30 and its 200-day moving average price is $8.28.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.058 per share. The ex-dividend date is Tuesday, August 11th. This represents a c) dividend on an annualized basis and a yield of 8.4%.

Saba Capital Income & Opportunities Fund II 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.

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