Landscape Capital Management L.L.C. Sells 163,758 Shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Landscape Capital Management L.L.C. lowered its stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 52.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 149,486 shares of the company's stock after selling 163,758 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.46% of Saba Capital Income & Opportunities Fund II worth $1,272,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SABA. Fiera Capital Corp grew its position in shares of Saba Capital Income & Opportunities Fund II by 235.2% during the 3rd quarter. Fiera Capital Corp now owns 342,605 shares of the company's stock worth $2,916,000 after purchasing an additional 240,405 shares in the last quarter. Hara Capital LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the 3rd quarter worth approximately $2,997,000. Shaker Financial Services LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the 3rd quarter worth approximately $1,304,000. Catalina Capital Group LLC lifted its holdings in shares of Saba Capital Income & Opportunities Fund II by 62.0% during the 3rd quarter. Catalina Capital Group LLC now owns 46,320 shares of the company's stock worth $394,000 after acquiring an additional 17,725 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the 3rd quarter worth approximately $163,000. Institutional investors and hedge funds own 22.22% of the company's stock.

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

In other news, major shareholder Saba Capital Management, L.P. sold 4,453 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $8.46, for a total transaction of $37,672.38. Following the completion of the sale, the insider now directly owns 3,450,271 shares in the company, valued at $29,189,292.66. This represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 180,112 shares of company stock worth $1,523,150. 5.62% of the stock is currently owned by company insiders.

Saba Capital Income & Opportunities Fund II Stock Performance

Shares of Saba Capital Income & Opportunities Fund II stock traded down $0.01 on Friday, reaching $8.69. 88,277 shares of the stock were exchanged, compared to its average volume of 44,233. The firm's 50 day moving average is $8.56 and its 200-day moving average is $8.17. Saba Capital Income & Opportunities Fund II has a one year low of $7.28 and a one year high of $8.75.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 11th will be paid a $0.058 dividend. This represents a $0.70 annualized dividend and a yield of 8.01%. The ex-dividend date of this dividend is Friday, November 8th.

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.