Gridiron Partners LLC Sells 337,974 Shares of Saba Capital Income & Opportunities Fund II $SABA

Key Points

• Gridiron Partners cut its stake in Saba Capital Income & Opportunities Fund II by 85.6%, selling 337,974 shares in Q4 and retaining 56,708 shares worth about $468,000 (≈0.20% of the fund).
• Saba announced a monthly dividend of $0.058 per share, with record/ex-dividend date on March 10 and payment on March 31, implying an annualized yield of roughly 8.6%.
• Shares opened at $8.06 and trade in a 12‑month range of $7.72–$9.46, with a 50‑day moving average of $8.13 and a 200‑day moving average of $8.57.

Gridiron Partners LLC cut its position in Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 85.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,708 shares of the company's stock after selling 337,974 shares during the period. Gridiron Partners LLC owned 0.20% of Saba Capital Income & Opportunities Fund II worth $468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Seven Mile Advisory acquired a new position in Saba Capital Income & Opportunities Fund II during the 3rd quarter worth approximately $2,222,000. TrueMark Investments LLC acquired a new stake in Saba Capital Income & Opportunities Fund II in the third quarter valued at approximately $1,897,000. Shaker Financial Services LLC increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 55.2% during the third quarter. Shaker Financial Services LLC now owns 448,104 shares of the company's stock valued at $4,087,000 after acquiring an additional 159,291 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 203.6% during the third quarter. Blue Bell Private Wealth Management LLC now owns 198,563 shares of the company's stock valued at $1,811,000 after acquiring an additional 133,163 shares in the last quarter. Finally, Scotia Capital Inc. raised its position in shares of Saba Capital Income & Opportunities Fund II by 32.6% during the second quarter. Scotia Capital Inc. now owns 364,172 shares of the company's stock worth $3,347,000 after purchasing an additional 89,577 shares during the period. 22.22% of the stock is owned by institutional investors.

Saba Capital Income & Opportunities Fund II Trading Up 0.1%

Shares of SABA opened at $8.06 on Friday. Saba Capital Income & Opportunities Fund II has a 12-month low of $7.72 and a 12-month high of $9.46. The business's fifty day moving average is $8.13 and its 200 day moving average is $8.57.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a dividend of $0.058 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 8.6%.

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. 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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