Insider Selling: Saba Capital Income & Opportunities Fund II (NYSE:SABA) Major Shareholder Sells 4,881 Shares of Stock

Saba Capital Income & Opportunities Fund II (NYSE:SABA) major shareholder Saba Capital Management, L.P. sold 4,881 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $8.60, for a total transaction of $41,976.60. Following the transaction, the insider now directly owns 3,238,188 shares of the company’s stock, valued at $27,848,416.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Wednesday, October 2nd, Saba Capital Management, L.P. sold 19,532 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.50, for a total transaction of $166,022.00.
• On Monday, September 30th, Saba Capital Management, L.P. sold 1,601 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.51, for a total transaction of $13,624.51.
• On Wednesday, September 25th, Saba Capital Management, L.P. sold 70,046 shares of Saba Capital Income & Opportunities Fund II stock. The shares were 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 Trading Down 0.7 %

SABA stock traded down $0.06 during midday trading on Thursday, reaching $8.56. 14,281 shares of the company’s stock traded hands, compared to its average volume of 114,095. The company has a 50-day moving average price of $8.46 and a two-hundred day moving average price of $7.98. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.28 and a 52 week high of $8.73.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.70 dividend on an annualized basis and a yield of 8.13%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Family Firm Inc. purchased a new position in Saba Capital Income & Opportunities Fund II in the second quarter worth $83,000. Gilman Hill Asset Management LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II during the third quarter worth about $85,000. HB Wealth Management LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II during the second quarter worth about $98,000. Patron Partners LLC bought a new position in Saba Capital Income & Opportunities Fund II in the second quarter worth about $144,000. Finally, Rock Point Advisors LLC bought a new position in Saba Capital Income & Opportunities Fund II in the second quarter worth about $162,000. Institutional investors own 22.22% of the company’s stock.

About Saba Capital Income & Opportunities Fund II

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.