New England Private Wealth Advisors LLC Has $7.05 Million Stock Holdings in Saba Closed-End Funds ETF $CEFS

New England Private Wealth Advisors LLC raised its stake in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 23.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 315,013 shares of the company’s stock after purchasing an additional 60,495 shares during the quarter. New England Private Wealth Advisors LLC owned 2.37% of Saba Closed-End Funds ETF worth $7,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CEFS. Thomas J. Herzfeld Advisors Inc. lifted its position in shares of Saba Closed-End Funds ETF by 726.6% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 135,966 shares of the company’s stock worth $2,900,000 after buying an additional 119,518 shares during the period. Royal Bank of Canada raised its stake in Saba Closed-End Funds ETF by 310.5% during the first quarter. Royal Bank of Canada now owns 124,181 shares of the company’s stock worth $2,649,000 after acquiring an additional 93,930 shares in the last quarter. XML Financial LLC raised its stake in Saba Closed-End Funds ETF by 54.7% during the second quarter. XML Financial LLC now owns 125,102 shares of the company’s stock worth $2,782,000 after acquiring an additional 44,240 shares in the last quarter. Sheets Smith Wealth Management bought a new position in shares of Saba Closed-End Funds ETF during the second quarter valued at $877,000. Finally, Raymond James Financial Inc. boosted its stake in shares of Saba Closed-End Funds ETF by 17.8% in the 1st quarter. Raymond James Financial Inc. now owns 176,743 shares of the company’s stock valued at $3,770,000 after purchasing an additional 26,715 shares in the last quarter.

Saba Closed-End Funds ETF Stock Performance

CEFS opened at $22.75 on Tuesday. The firm has a market cap of $302.51 million, a price-to-earnings ratio of 21.88 and a beta of 0.72. The firm’s 50-day simple moving average is $22.73 and its 200-day simple moving average is $22.32. Saba Closed-End Funds ETF has a twelve month low of $18.59 and a twelve month high of $22.70.

Saba Closed-End Funds ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, October 31st. Investors of record on Thursday, October 30th 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 of this dividend was Thursday, October 30th.

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.