Envestnet Asset Management Inc. grew its holdings in Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 36.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 698,491 shares of the company's stock after buying an additional 184,965 shares during the period. Envestnet Asset Management Inc. owned 2.17% of Saba Capital Income & Opportunities Fund II worth $6,328,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wells Fargo & Company MN raised its holdings in Saba Capital Income & Opportunities Fund II by 933.7% in the 4th quarter. Wells Fargo & Company MN now owns 716,776 shares of the company's stock valued at $6,494,000 after acquiring an additional 647,432 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 152.0% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,436,590 shares of the company's stock valued at $13,016,000 after purchasing an additional 866,503 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Saba Capital Income & Opportunities Fund II during the fourth quarter worth approximately $655,000. Noble Wealth Management PBC acquired a new position in Saba Capital Income & Opportunities Fund II during the fourth quarter worth $151,000. Finally, Choreo LLC grew its holdings in Saba Capital Income & Opportunities Fund II by 74.9% in the 4th quarter. Choreo LLC now owns 200,876 shares of the company's stock valued at $1,813,000 after buying an additional 86,036 shares in the last quarter. 22.22% of the stock is owned by hedge funds and other institutional investors.
Saba Capital Income & Opportunities Fund II Trading Down 0.2 %
Shares of SABA traded down $0.02 during mid-day trading on Friday, reaching $8.48. The stock had a trading volume of 7,311 shares, compared to its average volume of 93,615. Saba Capital Income & Opportunities Fund II has a 52-week low of $7.44 and a 52-week high of $9.43. The business's fifty day moving average is $8.63 and its 200 day moving average is $8.80.
Saba Capital Income & Opportunities Fund II Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.70 annualized dividend and a dividend yield of 8.21%.
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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