282,533 Shares in Saba Capital Income & Opportunities Fund II $SABA Bought by Flax Pond Capital LLC

Flax Pond Capital LLC acquired a new stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 282,533 shares of the company’s stock, valued at approximately $2,331,000. Saba Capital Income & Opportunities Fund II accounts for about 1.7% of Flax Pond Capital LLC’s portfolio, making the stock its 28th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its holdings in Saba Capital Income & Opportunities Fund II by 11.8% during the second quarter. Cetera Investment Advisers now owns 29,468 shares of the company’s stock worth $271,000 after buying an additional 3,118 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of Saba Capital Income & Opportunities Fund II by 101.2% during the 2nd quarter. Baird Financial Group Inc. now owns 99,116 shares of the company’s stock worth $911,000 after buying an additional 49,852 shares during the period. Walleye Capital LLC increased its stake in shares of Saba Capital Income & Opportunities Fund II by 6.2% in the 2nd quarter. Walleye Capital LLC now owns 25,011 shares of the company’s stock valued at $230,000 after acquiring an additional 1,468 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Saba Capital Income & Opportunities Fund II by 2.9% in the 2nd quarter. Raymond James Financial Inc. now owns 71,402 shares of the company’s stock valued at $656,000 after acquiring an additional 1,997 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Saba Capital Income & Opportunities Fund II by 35.2% in the 2nd quarter. Bank of America Corp DE now owns 20,549 shares of the company’s stock valued at $189,000 after acquiring an additional 5,348 shares during the period. Institutional investors and hedge funds own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Price Performance

Saba Capital Income & Opportunities Fund II stock opened at $8.21 on Friday. The company’s 50 day simple moving average is $8.42 and its 200 day simple moving average is $8.33. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.96 and a fifty-two week high of $9.46.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.058 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend is Tuesday, June 9th.

Saba Capital Income & Opportunities Fund II Profile

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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.