Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Plans Monthly Dividend of $0.09

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) announced a monthly dividend on Monday, August 31st. Stockholders of record on Wednesday, September 9th will be paid a dividend of 0.085 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 15.7%. The ex-dividend date is Wednesday, September 9th.

Saba Capital Income & Opportunities Fund Stock Down 0.9%

Shares of BRW traded down $0.06 during trading hours on Tuesday, reaching $6.50. 241,032 shares of the stock traded hands, compared to its average volume of 243,900. Saba Capital Income & Opportunities Fund has a 52-week low of $6.38 and a 52-week high of $8.37. The company’s 50-day moving average price is $6.60 and its two-hundred day moving average price is $6.64.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC boosted its stake in shares of Saba Capital Income & Opportunities Fund by 25.2% in the first quarter. Parallel Advisors LLC now owns 8,556 shares of the company’s stock worth $58,000 after acquiring an additional 1,722 shares during the period. PFG Investments LLC bought a new stake in Saba Capital Income & Opportunities Fund during the 1st quarter valued at approximately $70,000. Lido Advisors LLC purchased a new position in Saba Capital Income & Opportunities Fund in the 1st quarter worth approximately $78,000. Manchester Financial Inc. purchased a new position in Saba Capital Income & Opportunities Fund in the 4th quarter worth approximately $84,000. Finally, Evolve Private Wealth LLC bought a new position in Saba Capital Income & Opportunities Fund in the 1st quarter worth approximately $94,000.

Saba Capital Income & Opportunities Fund Company Profile

Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in floating rate secured senior loans, with an emphasis on top-tier, non-investment grade senior loans. The fund seeks to invest in loans with maturities of one to ten years.