Kovitz Investment Group Partners LLC increased its stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 757,297 shares of the company's stock after acquiring an additional 65,881 shares during the quarter. Kovitz Investment Group Partners LLC owned 2.35% of Saba Capital Income & Opportunities Fund II worth $6,861,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter valued at about $131,000. Garden State Investment Advisory Services LLC bought a new position in Saba Capital Income & Opportunities Fund II in the third quarter worth approximately $138,000. Noble Wealth Management PBC bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter valued at approximately $151,000. Gilman Hill Asset Management LLC raised its position in shares of Saba Capital Income & Opportunities Fund II by 75.0% during the fourth quarter. Gilman Hill Asset Management LLC now owns 17,500 shares of the company's stock worth $159,000 after purchasing an additional 7,500 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth approximately $655,000. Institutional investors and hedge funds own 22.22% of the company's stock.
Saba Capital Income & Opportunities Fund II Price Performance
NYSE SABA opened at $8.51 on Friday. The company has a fifty day simple moving average of $8.62 and a 200 day simple moving average of $8.80. Saba Capital Income & Opportunities Fund II has a 12-month low of $7.48 and a 12-month high of $9.43.
Saba Capital Income & Opportunities Fund II Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 8.18%.
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.
Featured Stories
Want to see what other hedge funds are holding SABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Saba Capital Income & Opportunities Fund II, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Saba Capital Income & Opportunities Fund II wasn't on the list.
While Saba Capital Income & Opportunities Fund II currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
