Independent Financial Group LLC Takes Position in Saba Closed-End Funds ETF $CEFS

Independent Financial Group LLC purchased a new position in shares of Saba Closed-End Funds ETF (BATS:CEFS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 104,898 shares of the company’s stock, valued at approximately $2,365,000. Independent Financial Group LLC owned about 0.79% of Saba Closed-End Funds ETF at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Columbus Macro LLC grew its position in Saba Closed-End Funds ETF by 3,216.5% in the fourth quarter. Columbus Macro LLC now owns 246,616 shares of the company’s stock worth $5,682,000 after acquiring an additional 239,180 shares during the period. AdvisorNet Financial Inc raised its position in Saba Closed-End Funds ETF by 42.0% in the fourth quarter. AdvisorNet Financial Inc now owns 275,727 shares of the company’s stock valued at $6,353,000 after purchasing an additional 81,559 shares during the period. New England Private Wealth Advisors LLC raised its position in Saba Closed-End Funds ETF by 6.8% in the fourth quarter. New England Private Wealth Advisors LLC now owns 382,742 shares of the company’s stock valued at $8,818,000 after purchasing an additional 24,412 shares during the period. Fort Point Capital Partners LLC acquired a new position in shares of Saba Closed-End Funds ETF in the 4th quarter valued at $760,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Saba Closed-End Funds ETF by 9,861.0% in the 4th quarter. Farther Finance Advisors LLC now owns 316,162 shares of the company’s stock valued at $7,284,000 after purchasing an additional 312,988 shares during the last quarter.

Saba Closed-End Funds ETF Stock Performance

BATS CEFS opened at $25.08 on Friday. The stock has a market cap of $333.56 million, a PE ratio of 21.88 and a beta of 0.72. Saba Closed-End Funds ETF has a twelve month low of $22.05 and a twelve month high of $25.98. The stock has a fifty day simple moving average of $25.32 and a 200-day simple moving average of $23.99.

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. CEFS was launched on Mar 21, 2017 and is managed by Saba.