Shaker Financial Services LLC grew its stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 41.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 252,519 shares of the company's stock after purchasing an additional 73,410 shares during the period. Shaker Financial Services LLC owned approximately 0.78% of Saba Capital Income & Opportunities Fund II worth $2,197,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Scotia Capital Inc. raised its stake in Saba Capital Income & Opportunities Fund II by 19.1% in the 1st quarter. Scotia Capital Inc. now owns 274,595 shares of the company's stock valued at $2,389,000 after purchasing an additional 44,116 shares during the last quarter. US Bancorp DE purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the 1st quarter worth $35,000. Cetera Investment Advisers acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the 1st quarter valued at about $229,000. Choreo LLC lifted its position in 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 valued at $1,925,000 after buying an additional 20,337 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in Saba Capital Income & Opportunities Fund II by 2.6% during the 1st quarter. Private Advisor Group LLC now owns 78,248 shares of the company's stock worth $681,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 22.22% of the company's stock.
Saba Capital Income & Opportunities Fund II Price Performance
SABA traded down $0.12 during trading hours on Thursday, reaching $9.31. 91,848 shares of the stock traded hands, compared to its average volume of 68,646. 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 firm's fifty day simple moving average is $9.12 and its two-hundred day simple moving average is $8.89.
Saba Capital Income & Opportunities Fund II Announces Dividend
The firm also recently disclosed 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 of this dividend 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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