Kovitz Investment Group Partners LLC boosted its holdings in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 17.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 891,607 shares of the company's stock after buying an additional 134,310 shares during the quarter. Kovitz Investment Group Partners LLC owned 2.77% of Saba Capital Income & Opportunities Fund II worth $7,846,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of SABA. Wells Fargo & Company MN grew its stake in shares of Saba Capital Income & Opportunities Fund II by 933.7% during the 4th quarter. Wells Fargo & Company MN now owns 716,776 shares of the company's stock worth $6,494,000 after purchasing an additional 647,432 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Saba Capital Income & Opportunities Fund II by 27.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 889,377 shares of the company's stock worth $7,738,000 after purchasing an additional 190,886 shares during the period. Comprehensive Money Management Services LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II during the 4th quarter worth approximately $1,001,000. Shaker Financial Services LLC grew its stake in shares of Saba Capital Income & Opportunities Fund II by 41.0% during the 1st quarter. Shaker Financial Services LLC now owns 252,519 shares of the company's stock worth $2,197,000 after purchasing an additional 73,410 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Saba Capital Income & Opportunities Fund II during the 4th quarter worth approximately $655,000. 22.22% of the stock is owned by hedge funds and other institutional investors.
Saba Capital Income & Opportunities Fund II Price Performance
Shares of NYSE SABA traded up $0.01 during midday trading on Wednesday, reaching $9.26. 29,437 shares of the stock were exchanged, compared to its average volume of 78,188. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.72 and a twelve month high of $9.46. The firm has a 50-day simple moving average of $9.21 and a two-hundred day simple moving average of $8.90.
Saba Capital Income & Opportunities Fund II Announces Dividend
The business also recently declared a aug 25 dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.058 per share. This represents a dividend yield of 740.0%. The ex-dividend date is Monday, August 11th.
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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