Saba Capital Income & Opportunities Fund II Plans Aug 25 Dividend of $0.06 (NYSE:SABA)

Key Points

• Saba Capital Income & Opportunities Fund II will pay a dividend of $0.06 per share on August 29 for investors of record as of August 11.
• The fund's stock experienced a slight decrease of 0.4%, trading at $9.28, with a twelve-month trading range between $7.72 and $9.43.
• Institutional investors have been increasing their holdings in Saba Capital, with significant increases reported by major firms such as Wells Fargo and Thomas J. Herzfeld Advisors Inc..

Saba Capital Income & Opportunities Fund II (NYSE:SABA - Get Free Report) announced a aug 25 dividend on Friday, August 1st, RTT News reports. Investors of record on Monday, August 11th will be given a dividend of 0.058 per share on Friday, August 29th.

Saba Capital Income & Opportunities Fund II Trading Down 0.4%

Saba Capital Income & Opportunities Fund II stock traded down $0.04 during mid-day trading on Friday, hitting $9.28. The company's stock had a trading volume of 4,455 shares, compared to its average volume of 79,860. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.72 and a twelve month high of $9.43. The stock's fifty day moving average price is $9.05 and its two-hundred day moving average price is $8.88.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund II

Large investors have recently modified their holdings of the stock. Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of Saba Capital Income & Opportunities Fund II by 18.4% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,701,210 shares of the company's stock valued at $14,801,000 after acquiring an additional 264,620 shares during the period. Envestnet Asset Management Inc. grew its position in Saba Capital Income & Opportunities Fund II by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 931,476 shares of the company's stock worth $8,560,000 after purchasing an additional 42,099 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in Saba Capital Income & Opportunities Fund II by 17.7% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 891,607 shares of the company's stock valued at $7,846,000 after purchasing an additional 134,310 shares during the period. Wells Fargo & Company MN raised its stake in Saba Capital Income & Opportunities Fund II by 933.7% during the 4th quarter. Wells Fargo & Company MN now owns 716,776 shares of the company's stock valued at $6,494,000 after purchasing an additional 647,432 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Saba Capital Income & Opportunities Fund II by 5.3% in the fourth quarter. Invesco Ltd. now owns 400,236 shares of the company's stock valued at $3,626,000 after purchasing an additional 20,227 shares in the last quarter. 22.22% of the stock is owned by institutional investors.

Saba Capital Income & Opportunities Fund II Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.