Saba Closed-End Funds ETF (BATS:CEFS) Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC boosted its position in Saba Closed-End Funds ETF (BATS:CEFS) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,165 shares of the company’s stock after acquiring an additional 4,191 shares during the quarter. Avior Wealth Management LLC’s holdings in Saba Closed-End Funds ETF were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp acquired a new position in Saba Closed-End Funds ETF in the third quarter valued at $225,000. Grimes & Company Inc. raised its position in Saba Closed-End Funds ETF by 14.4% in the third quarter. Grimes & Company Inc. now owns 23,723 shares of the company’s stock valued at $528,000 after purchasing an additional 2,981 shares during the period. Oppenheimer & Co. Inc. raised its position in Saba Closed-End Funds ETF by 14.9% in the third quarter. Oppenheimer & Co. Inc. now owns 62,061 shares of the company’s stock valued at $1,381,000 after purchasing an additional 8,045 shares during the period. Foundations Investment Advisors LLC raised its position in Saba Closed-End Funds ETF by 12.6% in the third quarter. Foundations Investment Advisors LLC now owns 217,417 shares of the company’s stock valued at $4,838,000 after purchasing an additional 24,350 shares during the period. Finally, XML Financial LLC raised its position in Saba Closed-End Funds ETF by 79.1% in the third quarter. XML Financial LLC now owns 32,026 shares of the company’s stock valued at $713,000 after purchasing an additional 14,141 shares during the period.

Saba Closed-End Funds ETF Price Performance

BATS:CEFS opened at $22.41 on Friday. The business’s 50-day moving average is $22.03 and its two-hundred day moving average is $21.86. Saba Closed-End Funds ETF has a 12 month low of $19.83 and a 12 month high of $22.14. The firm has a market capitalization of $207.25 million, a PE ratio of 18.35 and a beta of 0.72.

Saba Closed-End Funds ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 30th were given a dividend of $0.2197 per share. This is a positive change from Saba Closed-End Funds ETF’s previous dividend of $0.14. The ex-dividend date was Monday, December 30th.

Saba Closed-End Funds ETF 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.