Envestnet Asset Management Inc. Increases Position in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Envestnet Asset Management Inc. lifted its position in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 27.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 889,377 shares of the company's stock after buying an additional 190,886 shares during the period. Envestnet Asset Management Inc. owned approximately 2.76% of Saba Capital Income & Opportunities Fund II worth $7,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Noble Wealth Management PBC increased its holdings in Saba Capital Income & Opportunities Fund II by 290.4% in the 1st quarter. Noble Wealth Management PBC now owns 65,009 shares of the company's stock valued at $566,000 after purchasing an additional 48,359 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Saba Capital Income & Opportunities Fund II by 933.7% in the 4th quarter. Wells Fargo & Company MN now owns 716,776 shares of the company's stock valued at $6,494,000 after purchasing an additional 647,432 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. increased its holdings in Saba Capital Income & Opportunities Fund II by 152.0% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,436,590 shares of the company's stock valued at $13,016,000 after purchasing an additional 866,503 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Saba Capital Income & Opportunities Fund II in the 4th quarter valued at approximately $655,000. Finally, Kovitz Investment Group Partners LLC increased its holdings in Saba Capital Income & Opportunities Fund II by 9.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 757,297 shares of the company's stock valued at $6,861,000 after purchasing an additional 65,881 shares during the last quarter. Institutional investors and hedge funds own 22.22% of the company's stock.

Saba Capital Income & Opportunities Fund II Stock Up 1.2%

Saba Capital Income & Opportunities Fund II stock traded up $0.11 during trading on Friday, hitting $9.29. The company had a trading volume of 25,117 shares, compared to its average volume of 54,317. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.72 and a 1-year high of $9.43. The company's 50 day simple moving average is $9.01 and its 200-day simple moving average is $8.87.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 9th will be issued a $0.058 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $0.70 annualized dividend and a yield of 7.49%.

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.