Fortress Wealth Management Inc. Purchases 15,405 Shares of Saba Closed-End Funds ETF $CEFS

Fortress Wealth Management Inc. grew its position in Saba Closed-End Funds ETF (BATS:CEFS) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 351,295 shares of the company’s stock after buying an additional 15,405 shares during the period. Saba Closed-End Funds ETF makes up 3.8% of Fortress Wealth Management Inc.’s portfolio, making the stock its 7th largest position. Fortress Wealth Management Inc.’s holdings in Saba Closed-End Funds ETF were worth $7,813,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CEFS. Amplius Wealth Advisors LLC raised its stake in Saba Closed-End Funds ETF by 3.6% during the 1st quarter. Amplius Wealth Advisors LLC now owns 26,202 shares of the company’s stock worth $559,000 after buying an additional 902 shares during the period. Oregon Pacific Wealth Management LLC raised its position in shares of Saba Closed-End Funds ETF by 4.3% during the first quarter. Oregon Pacific Wealth Management LLC now owns 23,162 shares of the company’s stock worth $494,000 after purchasing an additional 959 shares during the period. Scotia Capital Inc. raised its position in shares of Saba Closed-End Funds ETF by 2.0% during the first quarter. Scotia Capital Inc. now owns 72,890 shares of the company’s stock worth $1,555,000 after purchasing an additional 1,449 shares during the period. Anfield Capital Management LLC lifted its holdings in shares of Saba Closed-End Funds ETF by 36.6% during the 1st quarter. Anfield Capital Management LLC now owns 5,425 shares of the company’s stock valued at $116,000 after purchasing an additional 1,454 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Saba Closed-End Funds ETF by 8.6% in the 1st quarter. NewEdge Advisors LLC now owns 25,306 shares of the company’s stock valued at $540,000 after purchasing an additional 1,999 shares during the period.

Saba Closed-End Funds ETF Stock Performance

BATS CEFS opened at $22.68 on Thursday. The stock has a market cap of $301.58 million, a price-to-earnings ratio of 21.88 and a beta of 0.72. The business has a 50 day simple moving average of $22.46 and a 200 day simple moving average of $21.82. Saba Closed-End Funds ETF has a 52-week low of $18.59 and a 52-week high of $22.70.

Saba Closed-End Funds ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.14 per share. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date was Thursday, August 28th.

Saba Closed-End Funds ETF 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.