Raymond James Financial Inc. purchased a new stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 72,321 shares of the company's stock, valued at approximately $655,000. Raymond James Financial Inc. owned 0.22% of Saba Capital Income & Opportunities Fund II at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter valued at $131,000. Noble Wealth Management PBC bought a new position in Saba Capital Income & Opportunities Fund II during the fourth quarter worth about $151,000. Gilman Hill Asset Management LLC boosted its holdings in Saba Capital Income & Opportunities Fund II by 75.0% during the fourth quarter. Gilman Hill Asset Management LLC now owns 17,500 shares of the company's stock valued at $159,000 after purchasing an additional 7,500 shares in the last quarter. Independent Advisor Alliance grew its stake in shares of Saba Capital Income & Opportunities Fund II by 9.1% in the 4th quarter. Independent Advisor Alliance now owns 81,650 shares of the company's stock valued at $740,000 after purchasing an additional 6,825 shares during the period. Finally, Tidal Investments LLC raised its holdings in shares of Saba Capital Income & Opportunities Fund II by 1.2% in the 3rd quarter. Tidal Investments LLC now owns 110,724 shares of the company's stock worth $942,000 after buying an additional 1,300 shares in the last quarter. 22.22% of the stock is owned by institutional investors.
Saba Capital Income & Opportunities Fund II Stock Performance
NYSE:SABA traded down $0.07 during trading hours on Friday, reaching $8.64. The company had a trading volume of 118,726 shares, compared to its average volume of 91,871. The stock has a 50-day moving average of $8.54 and a two-hundred day moving average of $8.81. Saba Capital Income & Opportunities Fund II has a one year low of $7.50 and a one year high of $9.43.
Saba Capital Income & Opportunities Fund II Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.058 per share. The ex-dividend date is Friday, May 9th. This represents a $0.70 annualized dividend and a yield of 8.06%.
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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