Noble Wealth Management PBC Buys 48,359 Shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Noble Wealth Management PBC raised its holdings in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 290.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,009 shares of the company's stock after acquiring an additional 48,359 shares during the quarter. Noble Wealth Management PBC owned approximately 0.20% of Saba Capital Income & Opportunities Fund II worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. grew its holdings in shares of Saba Capital Income & Opportunities Fund II by 152.0% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,436,590 shares of the company's stock worth $13,016,000 after purchasing an additional 866,503 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in Saba Capital Income & Opportunities Fund II by 9.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 757,297 shares of the company's stock valued at $6,861,000 after acquiring an additional 65,881 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Saba Capital Income & Opportunities Fund II by 933.7% during the fourth quarter. Wells Fargo & Company MN now owns 716,776 shares of the company's stock valued at $6,494,000 after buying an additional 647,432 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Saba Capital Income & Opportunities Fund II by 36.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 698,491 shares of the company's stock worth $6,328,000 after buying an additional 184,965 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Saba Capital Income & Opportunities Fund II by 5.3% during the fourth quarter. Invesco Ltd. now owns 400,236 shares of the company's stock worth $3,626,000 after purchasing an additional 20,227 shares in the last quarter. Hedge funds and other institutional investors own 22.22% of the company's stock.

Saba Capital Income & Opportunities Fund II Stock Up 1.1%

Shares of NYSE SABA traded up $0.10 during midday trading on Thursday, reaching $9.00. The company's stock had a trading volume of 76,084 shares, compared to its average volume of 88,479. The company has a 50 day moving average price of $8.55 and a 200 day moving average price of $8.83. Saba Capital Income & Opportunities Fund II has a one year low of $7.50 and a one year high of $9.43.

Saba Capital Income & Opportunities Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date is Tuesday, June 10th.

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.