Raymond James Financial Inc. purchased a new position in Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 72,321 shares of the company's stock, valued at approximately $655,000. Raymond James Financial Inc. owned about 0.22% of Saba Capital Income & Opportunities Fund II as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in SABA. Janney Montgomery Scott LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the 4th quarter valued at about $131,000. Garden State Investment Advisory Services LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund II in the third quarter valued at approximately $138,000. Noble Wealth Management PBC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II during the 4th quarter valued at approximately $151,000. Gilman Hill Asset Management LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 75.0% during the 4th quarter. Gilman Hill Asset Management LLC now owns 17,500 shares of the company's stock valued at $159,000 after buying an additional 7,500 shares in the last quarter. Finally, K2 Principal Fund L.P. bought a new position in Saba Capital Income & Opportunities Fund II in the 3rd quarter worth approximately $170,000. Institutional investors own 22.22% of the company's stock.
Saba Capital Income & Opportunities Fund II Trading Up 2.4 %
SABA stock traded up $0.19 during midday trading on Friday, reaching $7.99. 84,971 shares of the company's stock traded hands, compared to its average volume of 98,453. The company has a 50-day moving average price of $8.81 and a two-hundred day moving average price of $8.82. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.40 and a 52 week high of $9.43.
Saba Capital Income & Opportunities Fund II Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.058 per share. 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 8.71%.
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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