Saba Closed-End Funds ETF (BATS:CEFS) Declares Monthly Dividend of $0.14

Saba Closed-End Funds ETF (BATS:CEFS) declared a monthly dividend on Monday, November 24th. Shareholders of record on Tuesday, November 25th will be paid a dividend of 0.14 per share on Wednesday, November 26th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, November 25th.

Saba Closed-End Funds ETF Trading Up 2.2%

Shares of CEFS opened at $22.48 on Tuesday. The company has a market cap of $298.94 million, a P/E ratio of 21.88 and a beta of 0.72. Saba Closed-End Funds ETF has a twelve month low of $18.59 and a twelve month high of $22.70. The company’s fifty day simple moving average is $22.73 and its 200-day simple moving average is $22.41.

Hedge Funds Weigh In On Saba Closed-End Funds ETF

Several institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its position in shares of Saba Closed-End Funds ETF by 14.4% in the 3rd quarter. NewEdge Advisors LLC now owns 32,700 shares of the company’s stock worth $745,000 after acquiring an additional 4,108 shares in the last quarter. Triumph Capital Management grew its stake in Saba Closed-End Funds ETF by 7.0% in the third quarter. Triumph Capital Management now owns 44,248 shares of the company’s stock valued at $1,008,000 after purchasing an additional 2,896 shares during the last quarter. Private Capital Management LLC raised its holdings in Saba Closed-End Funds ETF by 10.7% in the third quarter. Private Capital Management LLC now owns 174,922 shares of the company’s stock worth $3,983,000 after purchasing an additional 16,859 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Saba Closed-End Funds ETF by 6.4% during the third quarter. Raymond James Financial Inc. now owns 280,182 shares of the company’s stock valued at $6,380,000 after buying an additional 16,912 shares during the last quarter. Finally, Scotia Capital Inc. boosted its holdings in shares of Saba Closed-End Funds ETF by 4.6% in the 3rd quarter. Scotia Capital Inc. now owns 90,134 shares of the company’s stock valued at $2,052,000 after buying an additional 3,978 shares in the last quarter.

About Saba Closed-End Funds ETF

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.