Scotia Capital Inc. Acquires 64,870 Shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Scotia Capital Inc. increased its holdings in Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 39.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 230,479 shares of the company's stock after purchasing an additional 64,870 shares during the quarter. Scotia Capital Inc. owned approximately 0.72% of Saba Capital Income & Opportunities Fund II worth $2,088,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. raised its holdings in Saba Capital Income & Opportunities Fund II by 152.0% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,436,590 shares of the company's stock worth $13,016,000 after purchasing an additional 866,503 shares during the last quarter. Wells Fargo & Company MN boosted its position in Saba Capital Income & Opportunities Fund II by 933.7% during the fourth quarter. Wells Fargo & Company MN now owns 716,776 shares of the company's stock valued at $6,494,000 after acquiring an additional 647,432 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Saba Capital Income & Opportunities Fund II by 36.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 698,491 shares of the company's stock worth $6,328,000 after acquiring an additional 184,965 shares in the last quarter. Choreo LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 74.9% in the 4th quarter. Choreo LLC now owns 200,876 shares of the company's stock valued at $1,813,000 after purchasing an additional 86,036 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in 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 Trading Up 0.7 %

SABA traded up $0.06 during midday trading on Friday, hitting $8.24. The company had a trading volume of 31,654 shares, compared to its average volume of 95,538. The stock's 50 day moving average price is $8.72 and its 200 day moving average price is $8.81. 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 company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 annualized dividend and a yield of 8.45%.

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.