Saba Closed-End Funds ETF (BATS:CEFS) Shares Down 0.4% – Here’s What Happened

Saba Closed-End Funds ETF (BATS:CEFS) fell 0.4% on Monday . The company traded as low as $25.14 and last traded at $25.23. 135,239 shares traded hands during trading, an increase of 50% from the average session volume of 90,356 shares. The stock had previously closed at $25.34.

Saba Closed-End Funds ETF Stock Up 0.3%

The firm has a 50 day simple moving average of $25.33 and a 200-day simple moving average of $24.40. The company has a market cap of $336.62 million, a PE ratio of 21.88 and a beta of 0.72.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. New England Private Wealth Advisors LLC grew its stake in Saba Closed-End Funds ETF by 6.8% during the 4th quarter. New England Private Wealth Advisors LLC now owns 382,742 shares of the company’s stock worth $8,818,000 after buying an additional 24,412 shares during the last quarter. Arete Wealth Advisors LLC raised its stake in Saba Closed-End Funds ETF by 14.0% in the first quarter. Arete Wealth Advisors LLC now owns 279,934 shares of the company’s stock valued at $6,285,000 after buying an additional 34,370 shares during the last quarter. Fort Point Capital Partners LLC acquired a new stake in Saba Closed-End Funds ETF in the fourth quarter worth about $760,000. XML Financial LLC boosted its holdings in Saba Closed-End Funds ETF by 21.1% in the first quarter. XML Financial LLC now owns 231,780 shares of the company’s stock worth $5,227,000 after acquiring an additional 40,453 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new stake in shares of Saba Closed-End Funds ETF during the first quarter worth about $2,365,000.

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.