Saba Capital Income & Opportunities Fund II (NYSE:SABA - Get Free Report) major shareholder Saba Capital Management, L.P. sold 1,601 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $8.51, for a total transaction of $13,624.51. Following the completion of the transaction, the insider now owns 3,340,582 shares of the company's stock, valued at approximately $28,428,352.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Wednesday, September 25th, Saba Capital Management, L.P. sold 70,046 shares of Saba Capital Income & Opportunities Fund II stock. The stock was sold at an average price of $8.38, for a total transaction of $586,985.48.
- On Monday, September 23rd, Saba Capital Management, L.P. sold 4,453 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.46, for a total transaction of $37,672.38.
Saba Capital Income & Opportunities Fund II Price Performance
Shares of SABA stock opened at $8.51 on Wednesday. The stock has a fifty day moving average price of $8.37 and a 200 day moving average price of $7.90. Saba Capital Income & Opportunities Fund II has a 1 year low of $7.28 and a 1 year high of $8.65.
Saba Capital Income & Opportunities Fund II Dividend Announcement
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The company also recently declared a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were given a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 8.18%. The ex-dividend date of this dividend was Tuesday, September 10th.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. acquired a new position in Saba Capital Income & Opportunities Fund II during the second quarter worth about $2,833,000. Fiera Capital Corp acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter worth approximately $797,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $768,000. Choreo LLC acquired a new stake in Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $701,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the second quarter worth $521,000. Institutional investors and hedge funds own 22.22% of the company's stock.
About Saba Capital Income & Opportunities Fund II
(
Get Free Report)
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.
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