Saba Capital Management, L.P. Sells 4,881 Shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) Stock

Saba Capital Income & Opportunities Fund II (NYSE:SABA) major shareholder Saba Capital Management, L.P. sold 4,881 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $8.60, for a total value of $41,976.60. Following the completion of the transaction, the insider now owns 3,238,188 shares of the company’s stock, valued at approximately $27,848,416.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Wednesday, October 2nd, Saba Capital Management, L.P. sold 19,532 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.50, for a total value of $166,022.00.
• On Monday, September 30th, Saba Capital Management, L.P. sold 1,601 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.51, for a total value of $13,624.51.
• On Wednesday, September 25th, Saba Capital Management, L.P. sold 70,046 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.38, for a total value of $586,985.48.
• On Monday, September 23rd, Saba Capital Management, L.P. sold 4,453 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.46, for a total value of $37,672.38.

Saba Capital Income & Opportunities Fund II Trading Down 0.5 %

Shares of NYSE:SABA opened at $8.52 on Friday. The stock has a fifty day simple moving average of $8.47 and a two-hundred day simple moving average of $7.99. Saba Capital Income & Opportunities Fund II has a 12-month low of $7.28 and a 12-month high of $8.73.

Saba Capital Income & Opportunities Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a yield of 8.17%. The ex-dividend date of this dividend is Wednesday, October 9th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the second quarter worth $2,833,000. Fiera Capital Corp purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the second quarter worth $797,000. Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the second quarter worth $768,000. Choreo LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the second quarter worth $701,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the second quarter worth $521,000. Hedge funds and other institutional investors own 22.22% of the company’s stock.

About Saba Capital Income & Opportunities Fund II

Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P.