Saba Capital Management L.P. decreased its holdings in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,158,722 shares of the company's stock after selling 181,860 shares during the quarter. Saba Capital Management L.P. owned 9.81% of Saba Capital Income & Opportunities Fund II worth $28,618,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. K2 Principal Fund L.P. lifted its holdings in Saba Capital Income & Opportunities Fund II by 15.0% during the 4th quarter. K2 Principal Fund L.P. now owns 23,000 shares of the company's stock valued at $208,000 after buying an additional 3,000 shares in the last quarter. Independent Advisor Alliance increased its position in shares of Saba Capital Income & Opportunities Fund II by 9.1% during the fourth quarter. Independent Advisor Alliance now owns 81,650 shares of the company's stock worth $740,000 after acquiring an additional 6,825 shares during the period. Gilman Hill Asset Management LLC raised its stake in shares of 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 acquiring an additional 7,500 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II in the fourth quarter valued at approximately $131,000. Finally, Noble Wealth Management PBC bought a new position in Saba Capital Income & Opportunities Fund II in the fourth quarter worth approximately $151,000. 22.22% of the stock is currently owned by hedge funds and other institutional investors.
Saba Capital Income & Opportunities Fund II Trading Up 0.2%
SABA traded up $0.02 during trading on Thursday, hitting $8.67. 12,694 shares of the stock were exchanged, compared to its average volume of 89,335. The firm has a 50 day simple moving average of $8.52 and a 200 day simple moving average of $8.82. Saba Capital Income & Opportunities Fund II has a 1 year low of $7.50 and a 1 year high of $9.43.
Saba Capital Income & Opportunities Fund II Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Stockholders 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 dividend yield of 8.03%.
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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