Saba Capital Income & Opportunities Fund II (NYSE:SABA) Shares Sold by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC decreased its holdings in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,088,302 shares of the company's stock after selling 240,605 shares during the period. Saba Capital Income & Opportunities Fund II makes up about 1.3% of Rivernorth Capital Management LLC's holdings, making the stock its 23rd biggest position. Rivernorth Capital Management LLC owned approximately 9.59% of Saba Capital Income & Opportunities Fund II worth $26,281,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. International Assets Investment Management LLC boosted its holdings in 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 worth $36,000 after buying an additional 3,755 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter worth approximately $83,000. Gilman Hill Asset Management LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the 3rd quarter worth approximately $85,000. HB Wealth Management LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter worth approximately $98,000. Finally, Garden State Investment Advisory Services LLC purchased a new position in Saba Capital Income & Opportunities Fund II in the 3rd quarter valued at approximately $138,000. 22.22% of the stock is owned by hedge funds and other institutional investors.

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 32,871 shares of the firm's stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $8.48, for a total value of $278,746.08. Following the sale, the insider now directly owns 3,158,589 shares of the company's stock, valued at approximately $26,784,834.72. This trade represents a 1.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 180,112 shares of company stock valued at $1,523,150. 5.62% of the stock is owned by corporate insiders.

Saba Capital Income & Opportunities Fund II Stock Up 0.2 %

SABA traded up $0.02 during trading on Friday, reaching $8.97. 99,521 shares of the stock were exchanged, compared to its average volume of 105,965. Saba Capital Income & Opportunities Fund II has a 1 year low of $7.28 and a 1 year high of $9.17. The business's 50 day moving average price is $8.70 and its two-hundred day moving average price is $8.29.

Saba Capital Income & Opportunities Fund II Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $0.058 per share. The ex-dividend date of this dividend is Tuesday, December 10th.

Saba Capital Income & Opportunities Fund II Company 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.