Saba Closed-End Funds ETF (BATS:CEFS) Stock Price Down 0.4% – What’s Next?

Saba Closed-End Funds ETF (BATS:CEFS)’s stock price fell 0.4% on Monday . The stock traded as low as $25.06 and last traded at $25.29. Approximately 44,639 shares changed hands during trading, a decline of 51% from the average session volume of 91,635 shares. The stock had previously closed at $25.38.

Saba Closed-End Funds ETF Trading Up 0.2%

The stock has a fifty day simple moving average of $25.30 and a 200-day simple moving average of $23.95. The stock has a market cap of $337.95 million, a price-to-earnings ratio of 21.88 and a beta of 0.72.

Institutional Investors Weigh In On Saba Closed-End Funds ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stifel Financial Corp lifted its holdings in Saba Closed-End Funds ETF by 2.7% in the fourth quarter. Stifel Financial Corp now owns 16,732 shares of the company’s stock valued at $386,000 after buying an additional 441 shares during the period. Amplius Wealth Advisors LLC raised its position in shares of Saba Closed-End Funds ETF by 1.9% during the 4th quarter. Amplius Wealth Advisors LLC now owns 27,551 shares of the company’s stock valued at $635,000 after acquiring an additional 502 shares during the last quarter. Unified Investment Management lifted its stake in shares of Saba Closed-End Funds ETF by 2.5% in the 1st quarter. Unified Investment Management now owns 21,081 shares of the company’s stock valued at $475,000 after purchasing an additional 509 shares during the period. NBC Securities Inc. lifted its stake in shares of Saba Closed-End Funds ETF by 14.6% in the 4th quarter. NBC Securities Inc. now owns 6,440 shares of the company’s stock valued at $148,000 after purchasing an additional 821 shares during the period. Finally, Tactive Advisors LLC boosted its position in shares of Saba Closed-End Funds ETF by 1.7% in the 1st quarter. Tactive Advisors LLC now owns 51,980 shares of the company’s stock worth $1,172,000 after purchasing an additional 871 shares during the last quarter.

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.