Fiera Capital Corp Has $2.92 Million Holdings in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Fiera Capital Corp grew its position in Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 235.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 342,605 shares of the company's stock after buying an additional 240,405 shares during the quarter. Fiera Capital Corp owned 1.06% of Saba Capital Income & Opportunities Fund II worth $2,916,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in shares of Saba Capital Income & Opportunities Fund II by 751.0% during the third quarter. International Assets Investment Management LLC now owns 4,255 shares of the company's stock valued at $36,000 after acquiring an additional 3,755 shares during the last quarter. Gilman Hill Asset Management LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II during the third quarter valued at $85,000. Family Firm Inc. acquired a new stake in shares of Saba Capital Income & Opportunities Fund II during the second quarter valued at $83,000. HB Wealth Management LLC acquired a new stake in Saba Capital Income & Opportunities Fund II in the 2nd quarter worth about $98,000. Finally, Patron Partners LLC acquired a new stake in Saba Capital Income & Opportunities Fund II in the 2nd quarter worth about $144,000. Hedge funds and other institutional investors own 22.22% of the company's stock.

Saba Capital Income & Opportunities Fund II Stock Performance

Saba Capital Income & Opportunities Fund II stock traded up $0.10 during midday trading on Friday, hitting $8.68. 54,372 shares of the company were exchanged, compared to its average volume of 66,585. The company's fifty day moving average price is $8.51 and its 200-day moving average price is $8.10. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.28 and a fifty-two week high of $8.73.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 11th will be issued a $0.058 dividend. This represents a $0.70 annualized dividend and a dividend yield of 8.02%. The ex-dividend date of this dividend is Friday, November 8th.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 32,871 shares of Saba Capital Income & Opportunities Fund II stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $8.48, for a total value of $278,746.08. Following the completion of the transaction, the insider now directly owns 3,158,589 shares of the company's stock, valued at approximately $26,784,834.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 180,112 shares of company stock valued at $1,523,150. Company insiders own 5.62% 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.