Kovitz Investment Group Partners LLC Takes Position in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Kovitz Investment Group Partners LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 691,416 shares of the company's stock, valued at approximately $5,836,000. Kovitz Investment Group Partners LLC owned about 2.15% of Saba Capital Income & Opportunities Fund II at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. International Assets Investment Management LLC increased its position in Saba Capital Income & Opportunities Fund II by 751.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,255 shares of the company's stock worth $36,000 after buying an additional 3,755 shares during the period. Family Firm Inc. bought a new position in Saba Capital Income & Opportunities Fund II during the second quarter worth about $83,000. Gilman Hill Asset Management LLC bought a new position in Saba Capital Income & Opportunities Fund II during the third quarter worth about $85,000. HB Wealth Management LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the 2nd quarter valued at about $98,000. Finally, Garden State Investment Advisory Services LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the 3rd quarter valued at about $138,000. Institutional investors and hedge funds own 22.22% of the company's stock.

Saba Capital Income & Opportunities Fund II Stock Up 0.6 %

Shares of SABA traded up $0.05 during mid-day trading on Monday, hitting $9.10. 50,590 shares of the company's stock were exchanged, compared to its average volume of 106,046. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.28 and a 52 week high of $9.17. The stock's 50-day simple moving average is $8.65 and its 200-day simple moving average is $8.26.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.058 per share. The ex-dividend date is Tuesday, December 10th.

Insider Buying and Selling at Saba Capital Income & Opportunities Fund II

In related news, major shareholder Saba Capital Management, L.P. sold 70,046 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $8.38, for a total transaction of $586,985.48. Following the sale, the insider now owns 3,346,812 shares in the company, valued at approximately $28,046,284.56. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 180,112 shares of company stock valued at $1,523,150 in the last three months. Corporate insiders own 6.18% of the company's stock.

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.