Cary Street Partners Financial LLC Makes New Investment in Saba Closed-End Funds ETF (BATS:CEFS)

Cary Street Partners Financial LLC purchased a new stake in shares of Saba Closed-End Funds ETF (BATS:CEFS) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 35,869 shares of the company’s stock, valued at approximately $768,000.

Several other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its position in Saba Closed-End Funds ETF by 36.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,220 shares of the company’s stock valued at $48,000 after acquiring an additional 590 shares in the last quarter. Future Financial Wealth Managment LLC increased its stake in shares of Saba Closed-End Funds ETF by 47.5% during the 4th quarter. Future Financial Wealth Managment LLC now owns 2,950 shares of the company’s stock worth $63,000 after purchasing an additional 950 shares during the last quarter. Columbus Macro LLC bought a new position in shares of Saba Closed-End Funds ETF during the 4th quarter valued at $197,000. Stifel Financial Corp raised its holdings in shares of Saba Closed-End Funds ETF by 12.7% during the 4th quarter. Stifel Financial Corp now owns 11,411 shares of the company’s stock valued at $244,000 after purchasing an additional 1,284 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Saba Closed-End Funds ETF in the 4th quarter valued at $308,000.

Saba Closed-End Funds ETF Price Performance

Saba Closed-End Funds ETF stock opened at $21.36 on Friday. Saba Closed-End Funds ETF has a one year low of $18.59 and a one year high of $22.70. The company’s fifty day moving average price is $21.01 and its two-hundred day moving average price is $21.73. The company has a market capitalization of $265.87 million, a price-to-earnings ratio of 22.06 and a beta of 0.71.

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.