XML Financial LLC Acquires 38,531 Shares of Saba Closed-End Funds ETF $CEFS

XML Financial LLC boosted its holdings in Saba Closed-End Funds ETF (BATS:CEFS) by 16.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 270,311 shares of the company’s stock after purchasing an additional 38,531 shares during the period. XML Financial LLC owned about 2.03% of Saba Closed-End Funds ETF worth $6,931,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Arete Wealth Advisors LLC purchased a new stake in shares of Saba Closed-End Funds ETF during the 4th quarter valued at $5,658,000. Independent Financial Group LLC purchased a new position in shares of Saba Closed-End Funds ETF in the 1st quarter worth about $2,365,000. Quattro Advisors LLC purchased a new position in shares of Saba Closed-End Funds ETF in the 4th quarter worth about $2,339,000. Royal Bank of Canada grew its position in Saba Closed-End Funds ETF by 310.5% during the first quarter. Royal Bank of Canada now owns 124,181 shares of the company’s stock valued at $2,649,000 after buying an additional 93,930 shares during the period. Finally, Raymond James Financial Inc. grew its position in Saba Closed-End Funds ETF by 49.0% during the second quarter. Raymond James Financial Inc. now owns 263,270 shares of the company’s stock valued at $5,855,000 after buying an additional 86,527 shares during the period.

Saba Closed-End Funds ETF Stock Performance

BATS CEFS opened at $25.25 on Wednesday. Saba Closed-End Funds ETF has a 52-week low of $22.05 and a 52-week high of $25.98. The company has a 50-day simple moving average of $25.30 and a 200 day simple moving average of $24.47. The company has a market capitalization of $335.82 million, a PE ratio of 21.88 and a beta of 0.72.

Saba Closed-End Funds ETF Company 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.