TrueMark Investments LLC Buys Shares of 208,014 Saba Capital Income & Opportunities Fund II $SABA

TrueMark Investments LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) in the third quarter, HoldingsChannel reports. The firm purchased 208,014 shares of the company’s stock, valued at approximately $1,897,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SABA. Blue Bell Private Wealth Management LLC raised its position in Saba Capital Income & Opportunities Fund II by 203.6% in the third quarter. Blue Bell Private Wealth Management LLC now owns 198,563 shares of the company’s stock valued at $1,811,000 after purchasing an additional 133,163 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Saba Capital Income & Opportunities Fund II by 45.5% during the second quarter. Advisors Asset Management Inc. now owns 273,452 shares of the company’s stock worth $2,513,000 after buying an additional 85,571 shares during the period. Gridiron Partners LLC boosted its position in shares of Saba Capital Income & Opportunities Fund II by 596.0% during the third quarter. Gridiron Partners LLC now owns 394,682 shares of the company’s stock worth $3,599,000 after buying an additional 337,973 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Saba Capital Income & Opportunities Fund II by 4.7% in the second quarter. Envestnet Asset Management Inc. now owns 931,476 shares of the company’s stock valued at $8,560,000 after buying an additional 42,099 shares in the last quarter. Finally, Shaker Financial Services LLC raised its holdings in shares of Saba Capital Income & Opportunities Fund II by 55.2% in the 3rd quarter. Shaker Financial Services LLC now owns 448,104 shares of the company’s stock valued at $4,087,000 after buying an additional 159,291 shares during the period. 22.22% of the stock is owned by hedge funds and other institutional investors.

Saba Capital Income & Opportunities Fund II Price Performance

SABA opened at $8.21 on Friday. The stock’s 50-day moving average price is $8.52 and its 200 day moving average price is $8.90. Saba Capital Income & Opportunities Fund II has a 12-month low of $7.72 and a 12-month high of $9.46.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Monday, January 12th will be given a dividend of $0.058 per share. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Monday, January 12th.

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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.