Mutual Advisors LLC Sells 4,645 Shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Mutual Advisors LLC lowered its stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,585 shares of the company’s stock after selling 4,645 shares during the period. Mutual Advisors LLC owned approximately 0.43% of Saba Capital Income & Opportunities Fund II worth $1,259,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC boosted its holdings in shares of Saba Capital Income & Opportunities Fund II by 37.5% in the 3rd quarter. Rivernorth Capital Management LLC now owns 4,575,754 shares of the company’s stock worth $38,940,000 after purchasing an additional 1,246,847 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in Saba Capital Income & Opportunities Fund II during the third quarter worth $5,836,000. Penserra Capital Management LLC bought a new position in Saba Capital Income & Opportunities Fund II during the third quarter valued at $4,780,000. Envestnet Asset Management Inc. purchased a new stake in shares of Saba Capital Income & Opportunities Fund II in the second quarter valued at $2,833,000. Finally, Hara Capital LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund II in the 3rd quarter worth about $2,997,000. 22.22% of the stock is owned by institutional investors.

Saba Capital Income & Opportunities Fund II Trading Up 1.6 %

Shares of NYSE:SABA opened at $9.15 on Friday. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.28 and a 12 month high of $9.24. The firm’s 50-day moving average is $8.96 and its 200 day moving average is $8.60.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be paid a dividend of $0.058 per share. The ex-dividend date is Friday, January 10th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.61%.

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.