Scotia Capital Inc. Has $2.39 Million Position in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Key Points

• Scotia Capital Inc. increased its holdings in Saba Capital Income & Opportunities Fund II by 19.1% in Q1, owning 274,595 shares valued at approximately $2.39 million.
• Wells Fargo & Company MN significantly boosted its stake in the fund by 933.7%, now holding 716,776 shares worth about $6.49 million.
• The fund announced a dividend of $0.058 per share, with a dividend yield of 740.0%, payable on August 29th to investors of record on August 11th.

Scotia Capital Inc. lifted its holdings in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 19.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 274,595 shares of the company's stock after purchasing an additional 44,116 shares during the period. Scotia Capital Inc. owned 0.85% of Saba Capital Income & Opportunities Fund II worth $2,389,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SABA. Envestnet Asset Management Inc. increased its position in shares of Saba Capital Income & Opportunities Fund II by 27.3% during the first quarter. Envestnet Asset Management Inc. now owns 889,377 shares of the company's stock worth $7,738,000 after buying an additional 190,886 shares during the period. Kovitz Investment Group Partners LLC increased its position 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 worth $6,861,000 after buying an additional 65,881 shares during the period. Wells Fargo & Company MN increased its position 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 worth $6,494,000 after buying an additional 647,432 shares during the period. Invesco Ltd. increased its position 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 worth $3,626,000 after buying an additional 20,227 shares during the period. Finally, Choreo LLC increased its position in shares of Saba Capital Income & Opportunities Fund II by 10.1% during the first quarter. Choreo LLC now owns 221,213 shares of the company's stock worth $1,925,000 after buying an additional 20,337 shares during the period. Institutional investors and hedge funds own 22.22% of the company's stock.

Saba Capital Income & Opportunities Fund II Trading Up 0.1%

Shares of SABA traded up $0.01 during trading hours on Friday, hitting $9.32. 15,183 shares of the stock were exchanged, compared to its average volume of 71,149. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.72 and a fifty-two week high of $9.46. The business has a 50-day moving average of $9.14 and a 200-day moving average of $8.89.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently announced a aug 25 dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 11th will be given 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

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.