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

Noble Wealth Management PBC boosted its stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 290.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,009 shares of the company's stock after purchasing an additional 48,359 shares during the period. Noble Wealth Management PBC owned about 0.20% of Saba Capital Income & Opportunities Fund II worth $566,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. increased its stake in shares of Saba Capital Income & Opportunities Fund II by 152.0% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,436,590 shares of the company's stock valued at $13,016,000 after buying an additional 866,503 shares during the period. Kovitz Investment Group Partners LLC increased its stake in shares of Saba Capital Income & Opportunities Fund II by 9.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 757,297 shares of the company's stock valued at $6,861,000 after buying an additional 65,881 shares during the period. Wells Fargo & Company MN increased its stake 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 period. Envestnet Asset Management Inc. increased its stake in shares of Saba Capital Income & Opportunities Fund II by 36.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 698,491 shares of the company's stock valued at $6,328,000 after buying an additional 184,965 shares during the period. Finally, Invesco Ltd. increased its stake in shares of 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 valued at $3,626,000 after buying an additional 20,227 shares during the period. 22.22% of the stock is owned by hedge funds and other institutional investors.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of SABA traded up $0.06 during mid-day trading on Friday, hitting $9.05. 83,008 shares of the company's stock traded hands, compared to its average volume of 88,515. Saba Capital Income & Opportunities Fund II has a 1 year low of $7.50 and a 1 year high of $9.43. The business's 50-day moving average price is $8.58 and its 200-day moving average price is $8.83.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $0.058 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.70 annualized dividend and a dividend yield of 7.69%.

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.