Partners Wealth Management LLC acquired a new position in shares of Saba Closed-End Funds ETF (BATS:CEFS – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 200,512 shares of the company’s stock, valued at approximately $4,916,000.
Other institutional investors and hedge funds have also modified their holdings of the company. New England Private Wealth Advisors LLC increased its position in shares of Saba Closed-End Funds ETF by 0.6% during the third quarter. New England Private Wealth Advisors LLC now owns 413,233 shares of the company’s stock valued at $10,131,000 after purchasing an additional 2,356 shares during the period. AdvisorNet Financial Inc lifted its position in Saba Closed-End Funds ETF by 4.8% in the third quarter. AdvisorNet Financial Inc now owns 338,747 shares of the company’s stock worth $8,130,000 after purchasing an additional 15,539 shares during the period. Royal Bank of Canada lifted its position in Saba Closed-End Funds ETF by 2.6% in the first quarter. Royal Bank of Canada now owns 298,116 shares of the company’s stock worth $6,723,000 after purchasing an additional 7,566 shares during the period. Columbus Macro LLC boosted its stake in Saba Closed-End Funds ETF by 6.8% during the third quarter. Columbus Macro LLC now owns 292,136 shares of the company’s stock worth $7,162,000 after buying an additional 18,521 shares in the last quarter. Finally, Arete Wealth Advisors LLC boosted its stake in Saba Closed-End Funds ETF by 14.0% during the first quarter. Arete Wealth Advisors LLC now owns 279,934 shares of the company’s stock worth $6,285,000 after buying an additional 34,370 shares in the last quarter.
Saba Closed-End Funds ETF Price Performance
Shares of Saba Closed-End Funds ETF stock opened at $24.37 on Friday. The firm has a market capitalization of $324.12 million, a PE ratio of 21.88 and a beta of 0.72. The company’s fifty day moving average price is $24.73 and its two-hundred day moving average price is $24.36. Saba Closed-End Funds ETF has a 52-week low of $22.05 and a 52-week high of $25.98.
Saba Closed-End Funds ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were given a dividend of $0.2460 per share. This is an increase from Saba Closed-End Funds ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, September 28th. This represents a $2.95 annualized dividend and a dividend yield of 12.1%.
Saba Closed-End Funds ETF Company Profile
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. CEFS was launched on Mar 21, 2017 and is managed by Saba.
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