New England Private Wealth Advisors LLC Buys 43,317 Shares of Saba Closed-End Funds ETF $CEFS

New England Private Wealth Advisors LLC increased its stake in Saba Closed-End Funds ETF (BATS:CEFS) by 13.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 358,330 shares of the company’s stock after acquiring an additional 43,317 shares during the quarter. New England Private Wealth Advisors LLC owned about 2.69% of Saba Closed-End Funds ETF worth $8,159,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Allworth Financial LP acquired a new position in shares of Saba Closed-End Funds ETF in the 2nd quarter worth approximately $62,000. XML Financial LLC increased its position in shares of Saba Closed-End Funds ETF by 19.8% during the third quarter. XML Financial LLC now owns 149,881 shares of the company’s stock worth $3,413,000 after buying an additional 24,779 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Saba Closed-End Funds ETF by 11.2% during the second quarter. Envestnet Asset Management Inc. now owns 239,566 shares of the company’s stock worth $5,328,000 after buying an additional 24,049 shares during the period. Tactive Advisors LLC bought a new position in Saba Closed-End Funds ETF during the second quarter worth $781,000. Finally, AdvisorNet Financial Inc raised its stake in Saba Closed-End Funds ETF by 45.9% during the third quarter. AdvisorNet Financial Inc now owns 194,168 shares of the company’s stock worth $4,421,000 after buying an additional 61,084 shares during the last quarter.

Saba Closed-End Funds ETF Trading Down 2.3%

Shares of CEFS opened at $22.61 on Monday. The stock has a market capitalization of $300.71 million, a P/E ratio of 21.88 and a beta of 0.72. The firm’s fifty day simple moving average is $23.20 and its two-hundred day simple moving average is $22.88. Saba Closed-End Funds ETF has a 12 month low of $18.59 and a 12 month high of $23.65.

Saba Closed-End Funds ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were paid a $0.14 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend was Wednesday, February 25th.

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. CEFS was launched on Mar 21, 2017 and is managed by Saba.