Wells Fargo & Company MN raised its position in Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 933.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 716,776 shares of the company's stock after buying an additional 647,432 shares during the quarter. Wells Fargo & Company MN owned about 2.23% of Saba Capital Income & Opportunities Fund II worth $6,494,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. increased its position in Saba Capital Income & Opportunities Fund II by 152.0% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,436,590 shares of the company's stock worth $13,016,000 after purchasing an additional 866,503 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 in the last quarter. Raymond James Financial Inc. purchased a new position in Saba Capital Income & Opportunities Fund II during the 4th quarter worth $655,000. Noble Wealth Management PBC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter valued at approximately $151,000. Finally, Choreo LLC raised its position in Saba Capital Income & Opportunities Fund II by 74.9% in the fourth quarter. Choreo LLC now owns 200,876 shares of the company's stock worth $1,813,000 after acquiring an additional 86,036 shares during the period. 22.22% of the stock is currently owned by institutional investors and hedge funds.
Saba Capital Income & Opportunities Fund II Price Performance
NYSE SABA traded up $0.16 during trading on Thursday, hitting $8.45. 6,041 shares of the company's stock traded hands, compared to its average volume of 93,829. The business has a 50 day moving average of $8.65 and a 200-day moving average of $8.80. Saba Capital Income & Opportunities Fund II has a 12-month low of $7.44 and a 12-month high of $9.43.
Saba Capital Income & Opportunities Fund II Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date of this dividend is Wednesday, April 9th.
Saba Capital Income & Opportunities Fund II Company Profile
(
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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