Unified Investment Management Invests $447,000 in Saba Closed-End Funds ETF (BATS:CEFS)

Unified Investment Management purchased a new position in shares of Saba Closed-End Funds ETF (BATS:CEFS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,872 shares of the company’s stock, valued at approximately $447,000.

A number of other large investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC raised its stake in shares of Saba Closed-End Funds ETF by 1,148.2% in the fourth quarter. Proficio Capital Partners LLC now owns 1,290,785 shares of the company’s stock worth $27,649,000 after purchasing an additional 1,187,374 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in Saba Closed-End Funds ETF by 4.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 64,656 shares of the company’s stock worth $1,385,000 after buying an additional 2,595 shares during the period. Principal Securities Inc. lifted its stake in Saba Closed-End Funds ETF by 5.1% during the 4th quarter. Principal Securities Inc. now owns 32,186 shares of the company’s stock valued at $689,000 after acquiring an additional 1,575 shares during the period. Columbus Macro LLC acquired a new stake in shares of Saba Closed-End Funds ETF in the fourth quarter worth $197,000. Finally, Oregon Pacific Wealth Management LLC purchased a new position in shares of Saba Closed-End Funds ETF during the fourth quarter worth $476,000.

Saba Closed-End Funds ETF Stock Performance

BATS:CEFS opened at $21.85 on Monday. The firm’s fifty day moving average is $22.04 and its two-hundred day moving average is $22.03. The firm has a market cap of $251.28 million, a price-to-earnings ratio of 24.07 and a beta of 0.82. Saba Closed-End Funds ETF has a one year low of $19.83 and a one year high of $22.14.

Saba Closed-End Funds ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 30th were issued a dividend of $0.2197 per share. This is a positive change from Saba Closed-End Funds ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, December 30th.

About Saba Closed-End Funds ETF

The Saba Closed-End Funds ETF (CEFS) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that seeks to generate high income by investing in closed-end funds trading at a discount to net asset value and hedging for duration risk.