Oppenheimer & Co. Inc. Sells 33,781 Shares of Saba Closed-End Funds ETF $CEFS

Oppenheimer & Co. Inc. lessened its holdings in shares of Saba Closed-End Funds ETF (BATS:CEFS) by 35.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,824 shares of the company’s stock after selling 33,781 shares during the period. Oppenheimer & Co. Inc.’s holdings in Saba Closed-End Funds ETF were worth $1,401,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. boosted its stake in shares of Saba Closed-End Funds ETF by 14.6% in the fourth quarter. NBC Securities Inc. now owns 6,440 shares of the company’s stock valued at $148,000 after buying an additional 821 shares during the period. Novem Group increased its stake in Saba Closed-End Funds ETF by 25.8% during the 4th quarter. Novem Group now owns 12,190 shares of the company’s stock worth $281,000 after acquiring an additional 2,500 shares during the period. Private Advisor Group LLC raised its holdings in Saba Closed-End Funds ETF by 29.5% in the 3rd quarter. Private Advisor Group LLC now owns 13,395 shares of the company’s stock valued at $305,000 after acquiring an additional 3,055 shares in the last quarter. Certior Financial Group LLC bought a new stake in shares of Saba Closed-End Funds ETF during the 3rd quarter valued at $318,000. Finally, Tidal Investments LLC bought a new stake in shares of Saba Closed-End Funds ETF during the 2nd quarter valued at $481,000.

Saba Closed-End Funds ETF Stock Performance

CEFS opened at $24.60 on Wednesday. Saba Closed-End Funds ETF has a 52-week low of $20.89 and a 52-week high of $24.78. The firm has a market cap of $327.18 million, a P/E ratio of 21.88 and a beta of 0.72. The business’s fifty day moving average is $23.25 and its 200-day moving average is $23.05.

Saba Closed-End Funds ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) annualized dividend and a yield of 6.8%.

Saba Closed-End Funds ETF 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.