Saba Capital Income & Opportunities Fund II (NYSE:SABA) Announces $0.06 Monthly Dividend

Saba Capital Income & Opportunities Fund II (NYSE:SABA) announced a monthly dividend on Friday, May 29th. Shareholders of record on Tuesday, June 9th will be given a dividend of 0.058 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Tuesday, June 9th.

Saba Capital Income & Opportunities Fund II Stock Down 1.0%

SABA opened at $8.35 on Friday. The company has a fifty day moving average price of $8.43 and a two-hundred day moving average price of $8.36. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.96 and a 52 week high of $9.46.

Institutional Trading of Saba Capital Income & Opportunities Fund II

Institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers boosted its position in shares of Saba Capital Income & Opportunities Fund II by 11.8% during the second quarter. Cetera Investment Advisers now owns 29,468 shares of the company’s stock worth $271,000 after purchasing an additional 3,118 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Saba Capital Income & Opportunities Fund II by 101.2% during the second quarter. Baird Financial Group Inc. now owns 99,116 shares of the company’s stock worth $911,000 after purchasing an additional 49,852 shares in the last quarter. Walleye Capital LLC boosted its position in shares of Saba Capital Income & Opportunities Fund II by 6.2% during the second quarter. Walleye Capital LLC now owns 25,011 shares of the company’s stock worth $230,000 after purchasing an additional 1,468 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Saba Capital Income & Opportunities Fund II by 2.9% during the second quarter. Raymond James Financial Inc. now owns 71,402 shares of the company’s stock worth $656,000 after purchasing an additional 1,997 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Saba Capital Income & Opportunities Fund II by 35.2% during the second quarter. Bank of America Corp DE now owns 20,549 shares of the company’s stock worth $189,000 after purchasing an additional 5,348 shares in the last quarter. Institutional investors and hedge funds 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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.