Thomas J. Herzfeld Advisors Inc. Has $13.02 Million Stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Thomas J. Herzfeld Advisors Inc. grew its stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 152.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,436,590 shares of the company's stock after acquiring an additional 866,503 shares during the quarter. Saba Capital Income & Opportunities Fund II accounts for 4.2% of Thomas J. Herzfeld Advisors Inc.'s holdings, making the stock its 4th biggest position. Thomas J. Herzfeld Advisors Inc. owned 4.46% of Saba Capital Income & Opportunities Fund II worth $13,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of SABA. Rivernorth Capital Management LLC grew its stake in Saba Capital Income & Opportunities Fund II by 37.5% in the third quarter. Rivernorth Capital Management LLC now owns 4,575,754 shares of the company's stock valued at $38,940,000 after acquiring an additional 1,246,847 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the 3rd quarter valued at approximately $5,836,000. Choreo LLC increased its stake in Saba Capital Income & Opportunities Fund II by 74.9% during the 4th quarter. Choreo LLC now owns 200,876 shares of the company's stock worth $1,813,000 after purchasing an additional 86,036 shares in the last quarter. Tidal Investments LLC raised its holdings in Saba Capital Income & Opportunities Fund II by 1.2% during the 3rd quarter. Tidal Investments LLC now owns 110,724 shares of the company's stock worth $942,000 after buying an additional 1,300 shares during the period. Finally, Independent Advisor Alliance raised its holdings in Saba Capital Income & Opportunities Fund II by 9.1% during the 4th quarter. Independent Advisor Alliance now owns 81,650 shares of the company's stock worth $740,000 after buying an additional 6,825 shares during the period. 22.22% of the stock is currently owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Stock Down 3.3 %

Shares of Saba Capital Income & Opportunities Fund II stock traded down $0.28 on Friday, hitting $8.29. The company had a trading volume of 118,393 shares, compared to its average volume of 97,565. The stock has a 50-day moving average of $8.98 and a 200-day moving average of $8.84. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.40 and a twelve month high of $9.43.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date of this dividend is Wednesday, April 9th.

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.