153,213 Shares in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Acquired by Shaker Financial Services LLC

Shaker Financial Services LLC purchased a new position in Saba Capital Income & Opportunities Fund II (NYSE:SABA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 153,213 shares of the company’s stock, valued at approximately $1,304,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SABA. Melfa Wealth Management Inc. bought a new stake in Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $188,000. Family Firm Inc. purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $83,000. Avion Wealth purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $338,000. HB Wealth Management LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $98,000. Finally, Nations Financial Group Inc. IA ADV purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $253,000. Institutional investors own 22.22% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 70,046 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $8.38, for a total value of $586,985.48. Following the completion of the transaction, the insider now directly owns 3,346,812 shares in the company, valued at approximately $28,046,284.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 180,112 shares of company stock worth $1,523,150. Corporate insiders own 6.18% of the company’s stock.

Saba Capital Income & Opportunities Fund II Stock Performance

SABA opened at $8.64 on Thursday. The company has a fifty day moving average price of $8.50 and a 200-day moving average price of $8.08. Saba Capital Income & Opportunities Fund II has a one year low of $7.28 and a one year high of $8.73.

Saba Capital Income & Opportunities Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 11th will be given a $0.058 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.70 annualized dividend and a yield of 8.06%.

Saba Capital Income & Opportunities Fund II Company Profile

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.