Penserra Capital Management LLC Invests $4.78 Million in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Penserra Capital Management LLC bought a new stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 561,771 shares of the company's stock, valued at approximately $4,780,000. Penserra Capital Management LLC owned about 1.75% of Saba Capital Income & Opportunities Fund II at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. acquired a new position in Saba Capital Income & Opportunities Fund II in the second quarter valued at $2,833,000. Hara Capital LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the third quarter valued at $2,997,000. Fiera Capital Corp boosted its stake in Saba Capital Income & Opportunities Fund II by 235.2% in the third quarter. Fiera Capital Corp now owns 342,605 shares of the company's stock valued at $2,916,000 after acquiring an additional 240,405 shares in the last quarter. Shaker Financial Services LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the third quarter valued at $1,304,000. Finally, Prevail Innovative Wealth Advisors LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the second quarter valued at $768,000. Hedge funds and other institutional investors own 22.22% of the company's stock.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of SABA traded up $0.03 during mid-day trading on Monday, hitting $8.72. 64,452 shares of the company's stock were exchanged, compared to its average volume of 106,840. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.28 and a fifty-two week high of $8.81. The business's 50 day moving average is $8.56 and its two-hundred day moving average is $8.17.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 11th will be given a $0.058 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.70 dividend on an annualized basis and a yield of 7.98%.

Insider Activity at Saba Capital Income & Opportunities Fund II

In other Saba Capital Income & Opportunities Fund II news, major shareholder Saba Capital Management, L.P. sold 4,453 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $8.46, for a total value of $37,672.38. Following the completion of the transaction, the insider now directly owns 3,450,271 shares of the company's stock, valued at approximately $29,189,292.66. This trade represents a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 180,112 shares of company stock worth $1,523,150 over the last 90 days. Company insiders own 6.18% 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.