Seven Mile Advisory Buys New Position in Saba Capital Income & Opportunities Fund II $SABA

Key Points

• Seven Mile Advisory opened a new stake in Saba Capital Income & Opportunities Fund II, buying 243,632 shares worth about $2.22 million and representing roughly 0.86% of the fund.
• Other institutions also increased exposure—Gridiron Partners grew its position 596% to 394,682 shares and Shaker Financial now holds 448,104 shares—and hedge funds/institutions collectively own about 22.22% of SABA.
• SABA pays a monthly dividend of $0.058 per share (ex-dividend/record date March 10; pay date March 31), implying an annualized yield of about 8.5%, with the stock trading near $8.17 (12‑month range $7.72–$9.46).

Seven Mile Advisory purchased a new position in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 243,632 shares of the company's stock, valued at approximately $2,222,000. Seven Mile Advisory owned approximately 0.86% of Saba Capital Income & Opportunities Fund II as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gridiron Partners LLC grew its position in Saba Capital Income & Opportunities Fund II by 596.0% in the third quarter. Gridiron Partners LLC now owns 394,682 shares of the company's stock valued at $3,599,000 after acquiring an additional 337,973 shares in the last quarter. TrueMark Investments LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the third quarter worth $1,897,000. Shaker Financial Services LLC boosted its stake in shares of Saba Capital Income & Opportunities Fund II by 55.2% in the third quarter. Shaker Financial Services LLC now owns 448,104 shares of the company's stock valued at $4,087,000 after purchasing an additional 159,291 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in shares of Saba Capital Income & Opportunities Fund II by 203.6% in the third quarter. Blue Bell Private Wealth Management LLC now owns 198,563 shares of the company's stock valued at $1,811,000 after purchasing an additional 133,163 shares during the period. Finally, Scotia Capital Inc. grew its holdings in Saba Capital Income & Opportunities Fund II by 32.6% during the 2nd quarter. Scotia Capital Inc. now owns 364,172 shares of the company's stock valued at $3,347,000 after purchasing an additional 89,577 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 0.4%

Saba Capital Income & Opportunities Fund II stock opened at $8.17 on Friday. Saba Capital Income & Opportunities Fund II has a 12-month low of $7.72 and a 12-month high of $9.46. The firm's fifty day moving average price is $8.16 and its 200 day moving average price is $8.62.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.058 per share. The ex-dividend date is Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 8.5%.

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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.

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