Choreo LLC Raises Position in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Choreo LLC increased its stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 74.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 200,876 shares of the company's stock after purchasing an additional 86,036 shares during the quarter. Choreo LLC owned approximately 0.62% of Saba Capital Income & Opportunities Fund II worth $1,813,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its holdings in shares of Saba Capital Income & Opportunities Fund II by 1.2% during the 3rd quarter. Tidal Investments LLC now owns 110,724 shares of the company's stock worth $942,000 after acquiring an additional 1,300 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Saba Capital Income & Opportunities Fund II by 751.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,255 shares of the company's stock worth $36,000 after purchasing an additional 3,755 shares in the last quarter. Gilman Hill Asset Management LLC boosted its position in Saba Capital Income & Opportunities Fund II by 75.0% during the 4th 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. Independent Advisor Alliance lifted its holdings in shares of Saba Capital Income & Opportunities Fund II by 22.7% during the third quarter. Independent Advisor Alliance now owns 74,825 shares of the company's stock valued at $637,000 after purchasing an additional 13,850 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Saba Capital Income & Opportunities Fund II in the fourth quarter worth about $131,000. Institutional investors own 22.22% of the company's stock.

Saba Capital Income & Opportunities Fund II Trading Up 0.4 %

Shares of Saba Capital Income & Opportunities Fund II stock traded up $0.04 during trading hours on Monday, reaching $9.23. 108,736 shares of the stock traded hands, compared to its average volume of 130,574. Saba Capital Income & Opportunities Fund II has a one year low of $7.28 and a one year high of $9.43. The company has a 50 day moving average price of $9.06 and a 200 day moving average price of $8.69.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.058 per share. The ex-dividend date is Tuesday, February 11th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.54%.

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.