Saba Capital Income & Opportunities Fund II $SABA Shares Acquired by Thomas J. Herzfeld Advisors Inc.

Key Points

• Thomas J. Herzfeld Advisors Inc. increased its stake in Saba Capital Income & Opportunities Fund II by 18.4%, owning a total of 1,701,210 shares, making it the fund's 4th biggest holding.
• Saba Capital Income & Opportunities Fund II declared a dividend of $0.058 per share, resulting in a remarkable 740.0% dividend yield for stockholders.
• The fund's shares have experienced a price range between a low of $7.72 and a high of $9.46 over the last year, with the current opening price at $9.26.

Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 18.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,701,210 shares of the company's stock after buying an additional 264,620 shares during the quarter. Saba Capital Income & Opportunities Fund II comprises 5.0% of Thomas J. Herzfeld Advisors Inc.'s investment portfolio, making the stock its 4th largest holding. Thomas J. Herzfeld Advisors Inc. owned approximately 5.28% of Saba Capital Income & Opportunities Fund II worth $14,801,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. US Bancorp DE acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the first quarter worth approximately $35,000. Chicago Partners Investment Group LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the first quarter worth approximately $96,000. Clear Creek Financial Management LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the first quarter worth approximately $102,000. Shufro Rose & Co. LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth approximately $122,000. Finally, Walleye Capital LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the first quarter worth approximately $205,000. 22.22% of the stock is currently owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Stock Down 0.5%

Shares of SABA stock traded down $0.05 during trading hours on Friday, reaching $9.23. 96,280 shares of the company's stock were exchanged, compared to its average volume of 54,577. 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 fifty day moving average price of $9.25 and a 200-day moving average price of $8.90.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently declared a aug 25 dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 11th were issued a dividend of $0.058 per share. The ex-dividend date was Monday, August 11th. This represents a dividend yield of 740.0%.

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.