Hara Capital LLC cut its holdings in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 13.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 303,606 shares of the company's stock after selling 48,557 shares during the quarter. Saba Capital Income & Opportunities Fund II comprises approximately 1.7% of Hara Capital LLC's investment portfolio, making the stock its 16th biggest position. Hara Capital LLC owned 0.94% of Saba Capital Income & Opportunities Fund II worth $2,751,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Thomas J. Herzfeld Advisors Inc. grew its position 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 acquiring an additional 866,503 shares in the last quarter. Wells Fargo & Company MN grew its position 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 acquiring an additional 647,432 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Saba Capital Income & Opportunities Fund II by 36.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 698,491 shares of the company's stock valued at $6,328,000 after acquiring an additional 184,965 shares in the last quarter. Comprehensive Money Management Services LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the 4th quarter valued at about $1,001,000. Finally, Choreo LLC grew its position in Saba Capital Income & Opportunities Fund II by 74.9% in the 4th quarter. Choreo LLC now owns 200,876 shares of the company's stock valued at $1,813,000 after acquiring an additional 86,036 shares in the last quarter. 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 on Friday, hitting $8.72. The stock had a trading volume of 30,473 shares, compared to its average volume of 89,013. The firm has a 50 day moving average price of $8.51 and a 200 day moving average price of $8.82. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.50 and a twelve month high of $9.43.
Saba Capital Income & Opportunities Fund II Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 9th were given a $0.058 dividend. This represents a $0.70 annualized dividend and a yield of 7.99%. The ex-dividend date was Friday, May 9th.
About Saba Capital Income & Opportunities Fund II
(
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.
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