Saba Closed-End Funds ETF (CEFS) to Issue Monthly Dividend of $0.14 on January 30th

Saba Closed-End Funds ETF (BATS:CEFS) announced a monthly dividend on Tuesday, January 27th. Shareholders of record on Wednesday, January 28th will be paid a dividend of 0.14 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Wednesday, January 28th.

Saba Closed-End Funds ETF Trading Up 5.7%

Shares of BATS:CEFS opened at $23.26 on Thursday. The firm has a market capitalization of $309.36 million, a PE ratio of 21.88 and a beta of 0.72. Saba Closed-End Funds ETF has a 1-year low of $18.59 and a 1-year high of $22.70. The business’s 50 day moving average is $22.89 and its 200-day moving average is $22.70.

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.